Home Prices Mostly Higher Over August | Latest Housing Market Stats
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- Опубліковано 6 жов 2024
- Capital city housing markets in Australia produced generally positive results over August for both houses and units although results between capital cities remain highly fragmented.
00:54 House Prices Report Insights
02:09 National Median Price Analysis
03:36 Capital City Performance Stats
05:28 Unit Price Trends Overview
07:14 Spring Selling Season Kickoff
08:52 Melbourne Market Growth Potential
10:44 US Rate Cut Implications
11:29 Reserve Bank vs. Inflation
13:32 Melbourne, Sydney Buying Opportunities
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The national capital city median house price increased by 0.4% over the August quarter compared to the July quarter, and is now higher by 7.8% over the year ending August 2024.
National unit prices rose by 0.4% over August following the fall reported over the previous month. Hobart was the top monthly performer up by 4.4% followed by Perth higher by 1.5%, Adelaide up 1.4% and Sydney and Brisbane each higher by 0.4%.
Just because a price has gone up, doesn't mean it's worth more or it should be purchased
@@emp731 agree. my sh.tbox has doubled then tripled but apart from price nothing has changed. still the same old sh.tbox. Homeowners and people who just want a roof over their head see zero benefit from rising house prices. the only people who benefit from rising prices are greedy people who have more than one house
@@emp731 snapper head !
From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family.
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
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GDP's already negative, the housing market's already crashing (see all-time high number of price reductions without any sales still), all-time consumer credit card debt, unemployment is skyrocketing and will surpass 2009's 10% peak. Homes and stocks will crash 60%. It's literally 3rd grade math. It was always inevitable. Already seeing it in every single asset class other than the Crypto market ....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
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Everything else is higher as well..including migration
@emp731 yes it has to be put into context , however inflation is one of the reasons property values will always continue to rise
🇨🇳 isn't it easy to make money here. hard work pays!!
@@MichaelYardneyno....Just migration...stop lying to yourself and others
@@emp731 and government handouts such as negative gearing and the 50% discount on capital gains. that must help these bludgers
Wouldn't inflation bring property prices down? 🤔@@MichaelYardney
Unit is also good. ROI is awesome and low mortgage payment.🤑🤫
Hight rates,hight strata,high sinking fund etc etc choking the goose.
@AA.AA.399 buying an established unit in the right location today is a good long-term strategy as you can buy them considerably blow replacement cost
@emp731 you are right, and every now and then we agree that especially high-rise Apartment Towers have prohibitive costs and I would avoid them, but older style family-friendly units are still good investments
@@emp731 yet i am positively gear to my unit i purchase last May🤑🤫
@MichaelYardney not everything is about families and women.What about Batchelor pads for Men..Built by men?..I want to see more MANLY establishments..
Melbourne is in trouble in my opinion
@adamashton6742 Why do you say that?
The whole flamin country is..Not a opinion, just facts mate..crickey
@@MichaelYardneyYou idiot Michael, honestly why would you not think Victoria is In trouble?
@@MichaelYardney I think there’s trouble down the line from all the investors selling up, I see prices down around 10-15% in coastal areas which is helping more young first homeowners to get in but they are still stretching themselves at those prices and I don’t believe they are in the position to weather anymore potential economic shocks in the next few years like the investor class could, which I think may cause another “need to sell scenario” further down the track. I think employment will get squeezed down here as the state gov starts to slow down on spending, which has been a huge sense of income security for many. Once the government tightens its belt you need the investor class to do some of the lifting but they’re leaving in droves. Great to see first homebuyers but I just hope they manage to hold the next 4 years.
@@adamashton6742 thanks for explaining your thoughts. Looking back over the last 40 years there has never been a time when the "Melbourne property market" fell 10-15% in value - of course, some properties (esp off the plan properties) and specific locations have fallen that much
Michael must be a billionaire by now😮
@sallyjohnson5985 having bought my first investment property over 50 years ago, and having found a system that works for me, I have built a substantial property portfolio over the last five decades
@@MichaelYardney Good on ya Michael😊
GUYS! Listen to Michael and Andrew’s changing narrative, they are saying “Home prices (mostly rose)” hahaha but wait you told everyone home prices are rising everywhere all the time and never go down?? But now if homes in Aus only “mostly rose” then why aren’t you reporting on the ones that have fallen?
Yeah that's right..They want to have a hand in each pie..When things don't turn out the way they forecast..Face the facts these guys are cooked
@MR-hu1bx is there narrative changes as the market changes we are flexible and reporting things as they occur. However, there are a number of people here like you haven't changed their message in the last four years.
@@MichaelYardney Bahahaha so you admit it, our Narrative hasn’t changed and has only been Bearish but your narrative has changed and is becoming bearish 😂 hmmmm so that means who was lying and talking rubbish. Yes mate, that means you.
@@Andrew-hu1bx I really appreciate it. How you get up early each week to watch our videos and leave such insightful comments thank you.
@@MichaelYardney EVERY ONE LOOK, this is what happens when you win a discussion against Michael, he just backs down and says a sarcastic comment in return, the just exits the conversation.
It’s so funny that this wanker calls him self Australia’s authority in property and wealth creation yet he can’t even admit when he’s been wrong nor can he make one correct prediction about where the market has really been going……….so he just lies to you.
If you listen to these two you must be “simply stupid”!
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