Please find above RP Data’s latest housing market update, which is presented by Tim Lawless and covers housing market conditions as at end-June 2013.
Overall, Lawless sees the Australian housing market continuing along the path to recovery, with dwelling values likely to increase at around the rate of income growth.
Below are the key charts from the video.
First, dwelling value growth was fairly weak and two-speed over the June quarter (which tends to be seasonally weak):
But solid over the year:
Most metrics have improved markedly, with the time taken to sell a home and auction clearance rates tracking around mid-2010 levels, whereas transaction volumes are well up on last year:
Stock levels are down on last year, but remain elevated overall:
And the recovery is weak compared with the post-GFC episode:
Mostly because there is a lack of stimulus this time around. Importantly, first home buyer demand remains soft, which is capping value growth:
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