Market Update

Stock remains low - gain access to the huge number of off-market properties where opportunities do exist

Middle-priced housing sector is most responsive

987804_bar_graphHome values for dwellings (attached and semi-attached homes) reported a leap of 2.8% over the March quarter. Michael Yardney for Property Update suggests how each area has done well, with Perth showing highest growth and every capital city, except Adelaide, contributing to the total sum. Middle-priced housing sector is exhibiting maximum response, posting a hike of 1.6% in value of home dwellings. Contrarily, the lowest-priced and the highest-priced end of the spectrum have displayed a fall of 0.9% and 0.6% respectively.

Between the owner-occupied homes and investment homes, the latter is showing a lot more responsiveness to the prevailing interest-rates (as low as they come). Data mortgage reports and capital gains signals are also sending an optimistic wave for the property market. Read the full article here.

Do you think that the capital gains (4.7%) reported for 2.8 % market leap may be an exception to the rule? I invite your opinion.