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b"https://www.youtube.com/watch?v=xBPNWQEkU24\\n\\n\\n\\n\\n\\n\\n\\n\\nIn this property market update for August 2020 we'll be having a look at some of the data behind Australia's housing market and try to learn from it so we can invest more successfully.\\n\\n\\n\\nCoreLogic August 2020 Update Video\\n\\n\\n\\nNugget News August 2020 Video\\n\\n\\n\\n0:00 - Introduction1:15 - Australian market is in a decline2:05 - Capital city growth/decline figures4:21 - Rolling quarterly change4:59 - National home value index5:42 - Cash rates at all time low6:26 - New listings are rising8:05 - Percent change in dwelling values since COVID Peak9:33 - The fiscal cliff looming in October10:44 - Martin North's example predictions\\n\\n\\n\\nRecommended Videos:\\n\\n\\n\\nBrisbane Property Market Update August 2020\\n\\n\\n\\nTranscription:\\n\\n\\n\\nhey i'm ryan from on property and welcome to my australian property market update for august of 2020. what i like to do in these episodes is to talk through where the market is at how is it performing at the moment has it gone up has it gone down what are the trends that we're seeing and what may happen in the future now i don't have a crystal ball i don't know what's going to happen no one out there really does but i think it's important for us to look at the data so that we can assess okay what do we want to do how do we want to invest at this point in time whether you're looking to take advantage of current market conditions and buy in a weaker market where there's less buyers to compete with maybe that's you still important to understand the data or if you're someone who's like okay with everything that's happening i actually want to wait this out until things start to improve it's important to look at the data as well so we're going to be learning this together talking through this together and i hope that you find this useful we're mainly going to be looking at corelogic's market update video and i'll link up to that in the description down below if you want to go through it yourself as i've got more data in there that we won't necessarily cover in this video they're great videos i watch them every single month and love them so looking at the australian property market as a whole for the month of june we are now in our third consecutive month of decline so june well july sorry declined 0.6 which was slightly less than june which declined 0.7 percent but yeah we're definitely in a declining market at this point in time and when i look at the data i find it hard to imagine that the market's going to grow in the near future so it looks like we might be in the beginning of an entrenched decline unless things start to turn around really quickly now obviously they could turn around things could change but i'm looking at it now and i'm kind of thinking okay we need to prepare for you know potentially a declining market or a stable market in the near future with everything that's happening globally if we jump ahead and we look at the month-on-month change in dwelling values for the major capital cities as well as the regional areas we can see that almost all the capital cities have seen some decline sydney and melbourne have had the biggest decline so melbourne's down 1.2 percent which is quite significant really sydney's down 0.9 if this trend continues like this level of declines if you play that out over a 12-month period you start to see significant declines of somewhere between you know 5 10 15 sort of range in those primary capital cities brisbane's down less 0.4 percent and if you've watched any of my previous videos you know that brisbane didn't have the big run-up that sydney and melbourne had it's cheaper to buy now than it was i think 11 years ago or even longer when you count inflation and so yeah brisbane saw some decline but not as much perth declined 0.6 which is really interesting because it's already had such a big decline it kind of looked like before covert that it was reaching the bottom of its i guess trough the bottom of its decline and that it may..."