Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
APM Australian Property Monitors September Quarter 2014 Results; National median house price up 1.2% for September quarter, largely due to Sydney price growth
Topic Started: 23 Oct 2014, 04:10 PM (1,660 Views)
Admin
Member Avatar
Administrator

Quote:
 
Sydney strength drags along slowing house prices: APM

Jessie Richardson | 22 October 2014

While the national median house price was up by 1.2% for the September quarter, it was largely due to Sydney's price growth, according to Australian Property Monitors PriceFinder data.

Domain Group senior economist Andrew Wilson said the national result, the lowest since March 2013, was bolstered by Sydney's performance.

House prices were down in Brisbane, Adelaide, Perth, Canberra and Hobart (click to open in new window).

Posted Image

Posted Image

"Surprisingly, the Brisbane house price stalled over the September quarter with the median down by 1.3% which is the first negative quarterly result for more than two years," Wilson said. Brisbane's median house price now sits at $473,924.

"Adelaide and Hobart also reversed recent trends of house price growth, recording their first falls in a year."

Perth's median house price decreased by 1.5% in the quarter to $604,882.

"Subdued prices growth in Perth was no real surprise as that market has consistently reported waning buyer activity over the past year," said Wilson.

Canberra's dropped by 1.7%, from $583,473 to $573,326.

The results were mixed for the three cities where house prices increased for the quarter: Melbourne, Sydney and Darwin. While Darwin's house prices were up by 2.9%, Melbourne saw softer growth of just 1%, the weakest growth result recorded by APM Pricefinder for two years.

Posted Image

"Price growth in Melbourne is clearly trending downwards with declining market energy also confirmed recently by falling auction clearance rates and home loans," explained Wilson.

"An underperforming local economy is increasingly providing an impediment to housing market activity and unemployment is tracking at 12-year highs."

Sydney's median house price increased by 3.8% for the quarter to $843,994. The September quarter price is up 16.6% on a yearly basis.

"Although house prices in Sydney are not accelerating at the exceptional levels recorded last year, the growth rate has been consistent over 2014.

"The Sydney market will continue to lead the pack, however, the clock is now ticking for that market as further signs of moderation are emerging," he said.

"The still solid local economy is a key factor behind Sydney's price growth, however, recent signs of continuing moderation in the market are emerging as affordability barriers and low incomes growth constrain buyer activity," Wilson noted.

"Auction clearance rates have fallen and ABS home loan data indicates that although activity remains solid to strong, growth rates are diminishing - particularly from investors who nonetheless remain significant contributors to market activity."

Unit prices fell in every capital city but Sydney and Adelaide, where a 1.6% price increase and a 0.3% rise were recorded respectively.

"Without a sustained revival in economic activity, housing markets will continue to soften, ending the debate about macro-prudential tools or changes to property taxation policy designed to offset local and foreign investor activity," said Wilson.

Read more: http://www.propertyobserver.com.au/forward-planning/investment-strategy/market-trends/37009-sydney-drags-along-slowing-house-prices-apm.html
Follow OzPropertyForum on Twitter | Like APF on Facebook | Circle APF on Google+
Profile "REPLY WITH QUOTE" Go to top
 
Perthite
Member Avatar


That is REIWA and APM recording significant falls in Perth for the Sept quarter.

"Subdued prices growth in Perth was no real surprise as that market has consistently reported waning buyer activity over the past year," said Wilson.

Mike Pawned again... 2 vs zip.
Profile "REPLY WITH QUOTE" Go to top
 
Black Panther
Default APF Avatar


Perthite
23 Oct 2014, 06:17 PM
That is REIWA and APM recording significant falls in Perth for the Sept quarter.

"Subdued prices growth in Perth was no real surprise as that market has consistently reported waning buyer activity over the past year," said Wilson.

Mike Pawned again... 2 vs zip.
But prices are up yoy. All this waiting for nothing.

Profile "REPLY WITH QUOTE" Go to top
 
Perthite
Member Avatar


Black Panther
23 Oct 2014, 07:05 PM
But prices are up yoy. All this waiting for nothing.
you logged into the wrong account again...

Is that all you got?

Past performance = future performance.... :lol
Edited by Perthite, 23 Oct 2014, 07:22 PM.
Profile "REPLY WITH QUOTE" Go to top
 
doubleview
Member Avatar


Perthite
23 Oct 2014, 07:21 PM
you logged into the wrong account again...

Yep getting obv now!

What the fuck do these fuckers get out of creating me myself and irene type socks?
Profile "REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

Perthite
23 Oct 2014, 06:17 PM
That is REIWA and APM recording significant falls in Perth for the Sept quarter.

"Subdued prices growth in Perth was no real surprise as that market has consistently reported waning buyer activity over the past year," said Wilson.

Mike Pawned again... 2 vs zip.
So did you buy in the last dip or did you choose to start the scoring from a more convenient point in time?
"REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

How's it looking now shadow ?

Wheres that sea of green you talked about not long ago. The one I told you will turn to a sea of red before much longer.

But house prices always go up. Don't they.......

And all this while at record low rates.

Look at the qoq units price drops, 6 dropping, three rising barely.

Just keep that record building going on as long as you can.

Looks like Melbourne may of peaked.Wonder what all this building will do along with the closure of ford and holden and supporting buisinesses in the near future will do.

The ponzi is running out of puff......

Hows those gains looking now Glen :bye:
"REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Guest
23 Oct 2014, 10:00 PM
house prices always go up. Don't they
Prices fall every few years... just part of the cycle. Many bears don't realise this and at the first sign of falls they assume 'The Crash' has arrived, and they panic. It happened in 2011/2012... some panicked and sold their homes after prices fell a few percent, then they watched in horror as prices rose 30% over the next two years. So don't panic over one data provider showing quarterly falls in a few cities... wouldn't want you to repeat your 2012 mistake.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

Shadow
23 Oct 2014, 10:48 PM
Prices fall every few years... just part of the cycle. Many bears don't realise this and at the first sign of falls they assume 'The Crash' has arrived, and they panic. It happened in 2011/2012... some panicked and sold their homes after prices fell a few percent, then they watched in horror as prices rose 30% over the next two years. So don't panic over one data provider showing quarterly falls in a few cities... wouldn't want you to repeat your 2012 mistake.
You mean at the time when some prices in your area dropped by up to 20%. When Sydney saw the largest falls in Australia by far, when you denied it at the time, but acknowledge now we had falls :bl:

But let's take a closer look now. Since then ,we reduced rates to record lows ,encouraged more foreign investment, more leveraged superfunds ,more debt and negatively geared interest only loans.

This may get scary for you shadow.

When prices started to drop back then ,why was this,what did we do ? It was because Interest rates started to rise and many employers were starting to put some workers off. As a result ,people struggled and many were forced to sell after losing their job. We had also previously pumped the prices in 09-10, to new highs by dropping rates and things were now pulling back a bit.

But that was a few years ago now, when our economy was in much better shape than now, when iron ore was at record high prices, not five year lows. When we still had a lot more jobs than now ,had not heard ford or holden was closing and had a lot more room to move down with the rates,and finally a lot less building going on with a lot less property available for sale.

So what do we face this time round... Rates are now at record lows and we dont have much room to move down like before.If we go by US rates, the banks won't be passing on much if any from here even if rates are dropped by the reserve.That was probably our major weapon ,interest rates, but its already been fired, what's left is now less effective than before, and we only have one little shot more before that gun is dead empty(hello stimulus)....

Our jobs are declining more now than then, with unemployment recently reaching 12 year highs. We now have this unbelievable level of record overbuilding that simply did not even exist a few years ago. So there is now a lot more competition and property avaible, not only for sale but for rent. With all these investors now flowing in with their superannuation creating even more building ,rents are dropping. Prices will simply follow these eventually as more people keep losing their jobs to cheap foreign labour. When our last boom was in full swing, Chinese realestate had been going gangbusters for a decade and never seen drops before. But now all of a sudden, Chinese realestate has droppedfor five or six months in a row, the first time in history I believe, so they are weakening, less money ,more jobs losses their too.

There is probably a few more things I could of touched on, but I think you get the idea.
Basically , last time prices started to drop, we had many weapons still to use and prices were not as high as now to try and support and their was a lot less overbuilding and our economy was looking much better back then.

This time round, it won't be so effective, and look at what little effect they have had on most capitals since 2010, and these are super record low rates ,never been so low,nowhere near,and they have been in place for some time.

The fun is just beginning here shadow..... ;)
"REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Guest
24 Oct 2014, 07:02 AM
The fun is just beginning here shadow..... ;)
You've been putting forward the same argument here since 2011... http://australianpropertyforum.com/topic/9164210/12/#post8515097
dave289
22 Oct 2011, 10:17 AM
our economy is going backwards and so is the housing market
prices have been propped up further so now have much further to fall
we are now back to where we were , a dying economy and house market to go with it , with no more laxatives in sight
The bubble has now bursted ,well and truly ,with prices now dropping in EVERY CAPITAL CITY IN AUSTRLIA
Can you explain why we should believe you now, when you have been getting it so badly wrong for the past three years?

In 2011 you said the bubble had 'bursted' ... yet here we are in 2014 and Sydney prices are up another 30% since 2011.

Where is the big crash you promised us? Where is the $5000 gold you promised us?
Edited by Shadow, 24 Oct 2014, 08:03 AM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy