May Witnesses Fall in Home Values
In an article for the website Your Investment Property, Phil McCarroll writes that May 2015 has been that rare month when the prices of properties have actually come down. The fall of 0.9% may however remain a one-off incident.
Possibly, the fall in home values in the month of May was a result of price corrections that occurred due to a few really good months that went by. By June onwards, the property market is likely to come back strongly. The federal budget has been very well received and the low interest rate environment is not going to end anytime soon. Together, these two factors will help revive property prices in June.
You can read the original article here.