Sunday, 27 October 2013

RBA's chart pack shows uneven property market recovery

The RBA chart pack clearly shows the strongest gains to be in Sydney and Perth over the past 12 months.

While Brisbane prices fell from their peak there are at least some signs of life in that market.

Adelaide median prices and the regional Australian property markets have shown no median price growth for around four years. 

In the case of most regional markets, as I noted yesterday, I expect gains to remain weak. 

Of course, regional investors will doubtless say I'm wrong - but the charts continue to tell their own story.


Dwelling Prices graph

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Aussie dollar is crumbling...it touched 94.4 cents earlier in the trade. Stay tuned for US payrolls tomorrow...

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