Australian Property Market Shows Growth August 2019 Property Update

Published: Aug. 9, 2019, 2:56 a.m.

b"https://www.youtube.com/watch?v=hDIomBqFDEs\\n\\n\\n\\n\\n\\n\\n\\n\\nThe Australian property market has actually grown for the first time in 15 months! Since way back in March of 2018. Let's take a deep dive into the data and why this is happening in this August property market update.\\n\\n\\n\\nSuburb Research Course\\n\\n\\n\\nBook a Free Property Strategy Session\\n\\n\\n\\nCore Logic August Market Update Video\\n\\n\\n\\n0:00 - Introduction0:35 - This trend has been coming since December 20181:04 - This is led by the major capital cities growing1:42 - Why is this happening?2:47 - Monthly sales seems to be finding it's floor3:44 - Sydney market update5:46 - Melbourne market update7:39 - Brisbane market update10:05 - Adelaide market update10:55 - Perth market update12:44 - Hobart market update14:00 - Darwin market update15:27 - Canberra market update16:00 - Will this growth be sustainable?17:33 - Things holding us back from a massive boom\\n\\n\\n\\nRecommended Videos:\\n\\n\\n\\nIs Brisbane Cheaper Now Than It Was 10 Years Ago?\\n\\n\\n\\nWhy I Wouldn't Just Chase Capital Growth In The Current Market\\n\\n\\n\\nJuly 2019 Australian Property Market Update\\n\\n\\n\\nTranscription:\\n\\n\\n\\nRyan 0:00the australian property market has actually grown for the first time in 15 months since way back in march of 2018 so in today's monthly update we're going to look at these figures talk about why the market is growing and try and look at the data and see if we can see any trends about what's going to happen in the future hey i'm ryan from onproperty helping you achieve financial freedom and every month we sit down and we look at the australian property data see where things are at and what's happening and if we look at this monthly trend we can see that all the way back since december back in 2018 so over six months ago now we started to see this trend where the market was still declining but it was declining less and less every single month and i said back when i started doing these updates we're going to watch this because if this continues eventually it's going to go into the positive and that's exactly what has happened this has led primarily by sydney and melbourne both drying obviously being the biggest capital cities with the most volume we can see they're both grown by about 0.2% we can say brisbane the third biggest capital city also had its first month of growth as well since declining i think it started declining back in november of 2018 so seeing rises there also rise in hobart and a strange out of character rise in darwin as well of 0.4% so five of the capital cities growing there over the month so there's a whole bunch of factors as to why this is happening and it's not just one thing so we've got the lowering of interest rates so the rba cut interest rates two basis points or by 0.5% these are the lowest interest rates we've had in history so obviously lower interest rates means people can borrow money at cheaper prices and makes housing more affordable you've got easier lending as well with abra releasing some of the criteria that banks need to look at in terms of lending they used to assess people i think it was on seven or 7.25% and now the banks have some flexibility with that many people who couldn't previously get loans may now be eligible for loans as well there's improved sentiment in the market there's been tax cuts and looking at the stock market as well there's not significant amounts of stock flooding to the market making it a buyers market so people listing there's been less listings which means there's less options there so they improve sentiment with the less options obviously helps push the prices up for that we can see here that the monthly sales with a six month moving average has started to find a floor here and actually move upward so back in the last two housing downturns we can see around here the monthly sales figures we can see we dip just below that but it looks like we're trending upward so this will be something that we need to watch and this is actually a really interesting data..."