[Image] This is information from RP Data. Prices & Volumes · Prices down 1.5% over the past 12 months across capital cities· Sydney and Canberra have bucked the trend and actually grew· Early signs of sales volumes increasing after a very weak Dec/Jan period· Sydney sales volumes now above a 5 year average· Melbourne sales volumes starting to fall as capital growth slows· Sales volumes in Brisbane at 10 year lows· Premium sector the weakest performer· Rents and yields continue to improve· House and units taking longer to sell, and vendor discounting increasingDemand · The number of properties advertised for sale is at an historic high· Dwelling approvals were reasonably buoyant during 2010 but are now falling sharply· When refinances are excluded finance commitments are extremely subdued· Investors are taking little part in the current market· First home buyers and non-first home buyers relatively inactive at the moment· Although population growth is slowing, the supply of new dwellings has been insufficient[Image]
"RP Data State of the Market"
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