Results Varied In Different Markets


The Reserve Bank of Australia says housing market conditions have become more varied across the different Australian markets in the past couple of
months.

The RBA Board says prices, auction volumes and clearance rates have dropped a little in Sydney and Melbourne – but in most other capital cities and in regional areas prices continue to grow as a result of high demand and a shortage of supply.

“Growth in advertised rents had also been particularly strong in these parts of the country, consistent with very low vacancy rates,” the RBA Board says.

With the further lifting of the cash rate this week, it’s more important than ever that property investors do their research to secure assets which are going to increase in value to hedge against inflation.

Many “mum and dad investors” have done quite well in the past two years, the RBA says, with substantial increases in their home equity and significant rent increases as a result of a tight rental market.