House Price Series - June 2008 Quarter

chenyi1976

http://www.homepriceguide.com.au ... eSeries_JuneQ08.pdf

KEY POINTS
· Rapidly rising mortgage rates are now biting hard across all capital cities
· All major capitals have experienced a softening of house values over the June
quarter
· Nationally, house and unit values are expected to dip by 10% over the next 12
months
· Sydney has experienced a 2.1% decline in house values over the quarter which
is an annualised drop of 8.4%
· Expect Perth properties to deflate more rapidly. Perth houses have slipped 2.8%
over the quarter. Expect declines of between 10 and 15% for house and units
over the next 12 months.

房价毫无悬念地跌落。。。不过比起去年这个时候，总体还是上涨的。悉尼这个季度跌了2.1%，比去年同期却涨了1.1%。。。不过如果保持这个跌幅，一年跌掉8.4%就是相当大的数字了。

chenyi1976

Commenting on the results is Michael McNamara,
General Manager for Australian Property Monitors

"The June quarter housing data is the weakest we have observed since 2004. This quarter we recorded
widespread falls across Australia’s major capitals, and we expect this trend to continue.
“It is likely these results are the canary down the coal mine, and that rapidly rising mortgage rates and a
looming economic slowdown will usher in a sustained period of property market weakness.
“Strong migration patterns and rising gross rental yields are not enough to attract either first home buyers,
who are put off by rising mortgage costs or investors, who are spoilt for choice given that many asset
classes are providing excellent cash returns. Clearly, rapidly rising mortgage rates are deterring first home
buyers and investors from purchasing.
“The growing number of unsold properties sitting on the market is exacerbating the situation. There are
currently more than 25,000 extra properties on the market nationally, when compared to this time last year.
More vendors are competing for the attention of fewer buyers, which results in pressure to discount.
“Given inflationary pressures have not eased and the risk of cash rate movement is still on the cards, we
expect all major capitals will experience larger price drops as the year progresses. We expect a further 10%
dip in house and unit values across most major capitals over the next 12 months.”

[ 本帖最后由 chenyi1976 于 14-10-2008 13:45 编辑 ]