- 15 November 2019
The house price recovery continues!
CBA just reported that national dwelling prices have risen strongly over the past three months. Prices rose by 1.4%in October, 1.0% in September and 1.0% in August
House prices have risen faster than unit prices
Prices nationally now sit 3.7% above their June 2019 trough.
Price rises have been greatest in Sydney and Melbourne over the past three months
The flow of credit is key
The flow of credit (i.e. new lending) has a clear impact on dwelling prices. More specifically, the annual change in the flow of credit has a close leading relationship with the annual change in dwelling prices by around six months.
New lending is driven by the supply and demand for credit. The latest ABS lending data indicates that the flow of housing credit has picked up materially over the past four months.
Over the four months to September, it grew at an annualised pace of 52%!
It has been a broad-based increase across investors and owner-occupiers(including first home buyers).
Property Club is at the forefront of the best properties in the best areas, best placed for this capital growth upswing - make contact with your Property Mentor or hit enquiries@propertyclub.com.au for further information on the great properties available for Club members!
Troy Gunasekera
National Manager
Related Posts
Sydney Units Are Quietly Entering Their Next Growth Phase
Sydney is heading into another shift, but it is not happening in the prestige house market or the headline grabbing suburbs. The real movement is in well-located units sitting close to transport, education and major employment hubs. These are the properties renters line up for and the ones buyers turn to when house...
The Psychology of Suburb Selection: Why Investors Keep Returning to the Same Postcodes
Most investors think they choose a suburb based on research, data and logic. In reality there is often something deeper at play. Suburbs hold emotional weight. They remind us of where we grew up, where our friends live, where we once rented, or where we felt safe. Familiarity feels comfortable, which is why so many...
New Lines New Lives: How Rail Is Redrawing Queensland’s Coastal Growth Story
The Sunshine Coast and Gold Coast have long been known for surf and holidays. But right now, both are being redrawn not by the tide but by transport lines. The next decade of growth in Queensland will be built along the tracks. The Sunshine Coast Rail project and the Gold Coast light rail expansion are reshaping...