18 min
Property Market Update July 27th 2020 On Property Podcast
-
- Investing
https://www.youtube.com/watch?v=UPZLbtOGPHU
A lot has been happening in the Australian Property Market lately and today I wanted to share information from the Property Update article from 27th July 2020.
Property Update Article: https://propertyupdate.com.au/australian-property-market/
0:00 - Introduction0:40 - Changes in Australian Property Prices3:10 - Early market indicators5:05 - New properties for sale and rent5:40 - Rental markets6:25 - Finance activity6:42 - What's happening to property prices9:52 - New property listings and sales11:42 - Vendor discounts and time on market14:25 - Auction clearance rates15:50 - Changes in rents
Transcription:
Ryan 0:00a lot has been happening in australia and the australian property market since i last recorded an update and i was reading through property updates article on the australian property market update and i thought that this was so interesting that i wanted to go through it with you guys and to share it as well so we can get a better understanding of where the markets at and they also talk about some of the leading indicators and where the market may go so they're saying there's lots of property news and data over the last week obviously we've got that second wave of COVID-19 coming through particularly in victoria will that happen in the other states we're not sure we're going to you know see if that happens but basically if we look at the australian price heatmap here we can say that this week basically the major capital cities everything is down or steady so sydney and melbourne both down a bit brisbane and adelaide held steady perth is down as well month today everything is down or steady within the adelaide being at 0% but sydney and melbourne down 0.7 0.9% brisbane is down less 0.2% perth down 0.6% which i'm finding interesting because perth seemed before COVID to kind of hit the bottom of the market and looked like it was due for a rise but perth obviously continuing to decline if we look since the COVID lockdown so when was that that was march sometime or early april i can't quite remember now seems like a lifetime ago sydney is down 1.4% melbourne is down 3.3% brisbane has held steady adelaide is actually up and perth down 1.8% and then we've got since the melbourne lockdown which is a lot more recently everything's down or steady so where are things at since 2017 maximum so sydney and melbourne peaked in 2017 and then went through 18 months of decline and then went back up in late 2019 so if you bought at the top of 2017 where would you be at sydney and melbourne you'd be down around you know three to 4% sort of range gold coast of brisbane gold coast and adelaide you'd be up but only by a little bit 1.3% 2.4% and then perth you will actually be down 13% since that 2017 so that's actually crazy if you look at the last 12 months you can see how gangbusters sydney and melbourne have gone with 12.4% growth in sydney 9.1% growth in melbourne and solid growth in brisbane gold coast at 4.5% adelaide at 2.3% and perth is down minus 2.6% so yeah i find like this data is really interesting the saying like residential prices are mostly softening since the pandemic sorry about the aeroplane overhead if you can hear that at the moment i'm just parked out on the beach in the van loving working just on the road at the moment but this is what i found interesting as well is early market indicators so this is a number of indicators that could actually give us a clue to what's ahead so obviously we just looked at okay what's happened in the past and that's interesting to look at but what we all want to know is what's coming in the future and it's always you know really hard to predict but there's some leading indicators that can help us to understand what may happen and to give us some clarity on that so they're say...
https://www.youtube.com/watch?v=UPZLbtOGPHU
A lot has been happening in the Australian Property Market lately and today I wanted to share information from the Property Update article from 27th July 2020.
Property Update Article: https://propertyupdate.com.au/australian-property-market/
0:00 - Introduction0:40 - Changes in Australian Property Prices3:10 - Early market indicators5:05 - New properties for sale and rent5:40 - Rental markets6:25 - Finance activity6:42 - What's happening to property prices9:52 - New property listings and sales11:42 - Vendor discounts and time on market14:25 - Auction clearance rates15:50 - Changes in rents
Transcription:
Ryan 0:00a lot has been happening in australia and the australian property market since i last recorded an update and i was reading through property updates article on the australian property market update and i thought that this was so interesting that i wanted to go through it with you guys and to share it as well so we can get a better understanding of where the markets at and they also talk about some of the leading indicators and where the market may go so they're saying there's lots of property news and data over the last week obviously we've got that second wave of COVID-19 coming through particularly in victoria will that happen in the other states we're not sure we're going to you know see if that happens but basically if we look at the australian price heatmap here we can say that this week basically the major capital cities everything is down or steady so sydney and melbourne both down a bit brisbane and adelaide held steady perth is down as well month today everything is down or steady within the adelaide being at 0% but sydney and melbourne down 0.7 0.9% brisbane is down less 0.2% perth down 0.6% which i'm finding interesting because perth seemed before COVID to kind of hit the bottom of the market and looked like it was due for a rise but perth obviously continuing to decline if we look since the COVID lockdown so when was that that was march sometime or early april i can't quite remember now seems like a lifetime ago sydney is down 1.4% melbourne is down 3.3% brisbane has held steady adelaide is actually up and perth down 1.8% and then we've got since the melbourne lockdown which is a lot more recently everything's down or steady so where are things at since 2017 maximum so sydney and melbourne peaked in 2017 and then went through 18 months of decline and then went back up in late 2019 so if you bought at the top of 2017 where would you be at sydney and melbourne you'd be down around you know three to 4% sort of range gold coast of brisbane gold coast and adelaide you'd be up but only by a little bit 1.3% 2.4% and then perth you will actually be down 13% since that 2017 so that's actually crazy if you look at the last 12 months you can see how gangbusters sydney and melbourne have gone with 12.4% growth in sydney 9.1% growth in melbourne and solid growth in brisbane gold coast at 4.5% adelaide at 2.3% and perth is down minus 2.6% so yeah i find like this data is really interesting the saying like residential prices are mostly softening since the pandemic sorry about the aeroplane overhead if you can hear that at the moment i'm just parked out on the beach in the van loving working just on the road at the moment but this is what i found interesting as well is early market indicators so this is a number of indicators that could actually give us a clue to what's ahead so obviously we just looked at okay what's happened in the past and that's interesting to look at but what we all want to know is what's coming in the future and it's always you know really hard to predict but there's some leading indicators that can help us to understand what may happen and to give us some clarity on that so they're say...
18 min