Capital City Prices Moving towards Sustainable levels in August

Capital City Prices Moving towards Sustainable levels in August

On Monday 2nd September, RP Data-Rismark released the their figures on Housing for August.

Although reporting a slowdown in overall growth from previous months although most capitals still showed growth. The slow down is welcomed by some as a sign of returning to a more stable market.

Sydney leading the sales outcomes however listing numbers are 28 per cent below this time last year and may be contributing to price pressure due to stock shortages.

Brisbane showed a significant turnaround having been underperforming since the onset of the GFC.

Darwin and Hobart leading the rental yields figures with Melbourne showing lowest yields.

In general it appears the middle of the market is performing best.

The following Link will take you to the full article:

http://image.e.rpdata.com/lib/fe591570776d03757d17/m/5/2013_09_02_rpdata_rismark_indices.pdf