Total Members: 151,236

Economics

Market Update – January 2020

Date: 10/01/2020

Core Logic have released their December data. It was generally good news across the board, except in Hobart and Darwin where house values declined slightly.

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

December 2019

December Stats

November 2019

November Stats

Source: CoreLogic Home Price Value Index Tables (www.CoreLogic.com.au)

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

represents an improvement, and represents a deterioration from the last month’s results.

Interpretation

Once again Sydney and Melbourne led the pack, although the rate of growth declined in December. That is not surprising though, as real estate usually takes a back seat to Christmas parties and family festivities as December rolls on.

Annually, Sydney was the best performing market, and Darwin the worst. Perth was the worst performing of the major capital cities, although the rate of decline slowed and we might be at, near, or just past the bottom… I’ll be watching the January and February data for Perth with interest.

The economic effect of the bushfires is that there is generally an initial shock, followed by a grieving and planning period, and then a few years later, a substantial boost as roads, houses, schools etc. are rebuilt.

So looking to 2020, the main thrust should again come from Sydney and Melbourne, with moderate gains in Canberra, Brisbane and Adelaide, here or there in Hobart, and declines in Darwin. I hope to offer a more comprehensive market update in March once some 2020 economic data has been released.

Profile photo of Steve McKnight

By Steve McKnight

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

Comments

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Your email address will not be published.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?
×
151,236

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

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