All Topics / Overseas Deals / Housing Prices Up

Register Now for My Free Live Training Series!
Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of funinvestingfuninvesting
    Participant
    @funinvesting
    Join Date: 2021
    Post Count: 0

    The URA flash estimate released on July 1 showed that the private residential property index increased 0.9% in 2Q2021, compared to 3.3% in 1Q2021. It marks the fifth consecutive quarterly price growth, but at the slowest pace of growth in the past three quarters. In comparison, the price increase of 3.3% in 1Q2021 was the steepest quarterly price increase since 2Q2018.
    For the first six months of 2021 to-date, overall private residential prices increased by 4.3%. Over the past 12 months, prices increased 7.3%, according to the URA price index.
    The price increase in 2Q2021 was mainly driven by non-landed homes in the Outside of Central Region (OCR) which rose by 1.8% q-o-q. “Prices rose the fastest for the OCR where supply was leanest,”. In contrast, the price increase was less significant for the Rest of Central Region (RCR) at 0.3% and 0.6% in the Core Central Region (CCR).

     

    Profile photo of AsadonAsadon
    Participant
    @asadon
    Join Date: 2021
    Post Count: 0

    Yep prices are going crazy. Saw today that Sydney is up 15.2% since March 2020. 🤯

    Profile photo of Colin RiceColin Rice
    Participant
    @fms
    Join Date: 2011
    Post Count: 338

    We got a ways to go I think, especially in the “cheaper” regions of the country.

    Colin Rice | CDR Finance
    http://cdrfinance.com.au/
    Email Me | Phone Me

    Perth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.