Total Members: 151,032


Property Market Update – 8 August 2019

Date: 08/08/2019

Yikes! All the talk about a US vs China trade war is making my head spin. You can’t help but think that a game of chess is happening behind the scenes, and we are but mere expendable pawns in it.

Property AuctionIn any event, the Aussie real estate market continues to show signs of improvement in the sense that the decline is slowing in most capital cities. Auction clearance rates in Sydney and Melbourne have firmed, and housing lending is marginally better than it has been (although still underwhelming). Spring is only a few weeks away and everyone is holding their breath to see whether lower interest rates will stimulate some action, or whether global economic uncertainty will cause listing numbers and dwelling prices to remain in a monetary malaise.

I’ve now updated the capital city table based on Core Logics latest housing price index data.

Recall that rather than just looking at dwelling values, I prefer to look to the fineprint of the data to see what’s happening to house prices given they’re the biggest component to what’s driving property prices.

July 2019

June 2019 (base month)

Source: CoreLogic Home Price Value Index Tables (

Red indicates a negative value, green indicates a positive value and white is neutral.

represents an improvement, represents a deterioration from the last month.


You can definitely see a little more green in July than was the case in June. Indeed, every capital city recorded an improved result over the previous month, indicating either price growth or a slower price decline.

Sydney, Melbourne and Brisbane (and surprisingly Darwin) recorded an improvement in every period providing some tangible evidence that there has been a market bottom, and a subsequent attempt at a bounce. Only time will tell if it is a temporary or cyclical bottom, or indeed the start of a new rise in values.

Elsewhere looks patchy, with a decline still happening in Perth, but at a slower rate. Meanwhile Hobart looks to be approaching, or at, the top of its price cycle.

Spring, just a few weeks away, is typically peak season for real estate transactions in Australia and will be a major test to see how the real estate market holds up.


Profile photo of Steve McKnight

By Steve McKnight

Steve McKnight, the founder of, is a respected property investing authority as well as Australia's #1 best-selling business author.


  1. Profile photo of bricman


    I have been reading about carbon credits, blockchain and cryptoassets recently and I seem to recall Mr Steve talking about this topic a few years back, you are ahead of the curve, as always. I would like to know more about this or other similar investments if possible. Thanks ian

Got something to say? Post a comment...

Your email address will not be published. Required fields are marked *

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

For correspondence purposes. Will not be visible to anyone.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Receive Emails (required)

Member Login
Lost your password?

Register Free To Unlock Unrestricted Access To

1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!