July Market Update

Over the past year the housing markets have seen a reversal in market conditions with a slide of 0.8% nationally, with housing prices in capital cities falling 2.2% while unit prices have seen a reversal in conditions, rising by 0.4%. This is largely due to the affordability of units for first home buyers and investors. The higher end of the market has seen a fall of 7.4% in capital cities.

The weakening market conditions see buyers having more choice and ability to negotiate with Vendors and less urgency in decision making, therefore alleviating upwards pressure on prices.

Watch the July Market Update HERE for full details