Dwelling prices update due: Pete Wargent
The ABS will soon release its latest dwelling prices data for Q2 2015, which is always an interesting series to analyse.
Market forecasts are calling for a +2.4% gain on a national basis, with Sydney driving most of the gains.
Westpac is looking for an even more bullish +4% which would take annual price growth all the way up to +9.1%.
The data series also provides some interesting data on dwelling supply.
Of course, the ABS series lags somewhat, but it is worth noting that CoreLogic RP Data's Daily Home Value Index is no longer a sea of green, with prices now down for the quarter and for the year in both Adelaide and Perth.
Home values are also declining in Darwin.
PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.
His latest book is Four Green Houses and a Red Hotel.
Pete Wargent
Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.
