RP Data May housing market update

By Leith van Onselen

Please find above the RP Data Housing Update for May, presented by Tim Lawless, which discusses the state-of-play of the Australian housing market as at end-April.

This month’s video sees Lawless discussing the ongoing “measured” improvement in market conditions, despite the -0.5% seasonal decline in prices in April, with auction clearance rates and transaction volumes improving, albeit from a low base (see next chart).

Looking forward, Lawless sees prices increasing at a modest pace – well below the unexpectedly strong rate of growth recorded over the first quarter – with growth around 1% per quarter more likely.

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