The latest real estate price data show that a nationwide real estate boom may be about to emerge.
According to the Australian Property Observation Network, the Australian Property Monitors (Australian Property Monitors) property price data in the second quarter showed that the price growth of independent houses and apartment houses in Sydney alone was very strong, and the market of other capital cities had negative growth, small growth and medium growth. Various situations.
Most of the Australian real estate monitoring data are consistent with the Australian data agency RP Data, but not complete.
In terms of independent house price data, in the annual growth through the end of June, two data sources reported that the average growth rate of provincial capital cities was slightly more than 6%. Economists judged from this that signs of an upsurge across Australia is imminent.
Among the cities, only Sydney has achieved an average level of growth, with an annual growth rate of 16% (RP Data) or 17% (Australian Property Monitoring). Both data sources show that Melbourne's growth is close to 10%, Brisbane is around 7%, and Perth is around 5%. The two data sources show Adelaide's growth of 3% or 5%, Hobart's 2% or 6%, Darwin's 5% or 1%, and Canberra's growth of 3% or a slight decline.
The increase in condominiums was similar. The average annual growth rate of provincial capital cities is 8.3% (Australia Property Supervision) or 9.1% (RP Data). Sydney is the only strong market with a growth rate of 12% or 13%.
The Melbourne market rose 4% or 5%, Adelaide rose by about 1%, Darwin rose by 7% or 8%, Australian property monitoring showed Perth rose by as much as 5%, and RP Data's data showed even higher.
With the exception of Sydney, the data showed no signs of enthusiasm. Most cities have a lot of solid evidence, with low to moderate growth rates, and a few cases with negative growth. But it is worth mentioning that before 2013, the real estate market experienced a downturn for several years.
Although there has not been a nationwide hot market, a careful analysis will reveal that a boom may be brewing. From the annual growth data of cities monitored by Australian real estate, comparing the data for the six months before June 2014, 6, it will be found that the growth rates of most cities have increased.
According to data from the Australian Property Monitor, with the exception of Darwin, all provincial capital cities showed an increase in the median house price in the second quarter. Apartments in most cities rose by an average of 2.5% in the second quarter, with only Hobart and Canberra falling. The overall situation is moderate growth.
Home loan approvals rose by 10.7%. Except for the northern administrative region, all provinces and administrative regions had strong increases; investment mortgage approvals rose by 27%, 5 provinces/administrative regions increased by more than 13% annually, and 6 provinces/administrative regions rose in May The amplitude is at least 5%.
New housing approvals increased by 5% in the year ending in May, and 17.4 provinces or administrative regions have increased by more than 5% annually.
The real estate market may see an upward trend across Australia. Some economists have misperceived the trend of the Australian real estate boom and made incorrect judgments too early. In fact, the rise of the Australian real estate market has just begun.
(The article comes from the Internet)