On the 4th of November 2013 the Australian Bureau of Statistics (ABS) released the price change index for Australia’s eight capital cities to show that weighted average prices had increased by 1.9% in September 2013 quarter.
The ABS chart below shows that recent increases have followed a period of decreases, statistics that hardly accords with the bubble talk of many commentators, which raises the question of why such commentary persists when Australia’s property market of the past decade appears to have responded to policy intentions set by the Reserve Bank of Australia (RBA) and the Australian Regulatory and Prudential Authority (APRA).
The ebbs and rises in Australian property prices, with an overall tendency to increase steadily overtime, is a sign of a healthy market and “bubble talk” is a story that sells.
Hopefully, such headlines promote caution amongst buyers, encourage proper due diligence, a healthier property market and better investment decisions.
Credit Connect Capital’s investment process supports you in your due diligence and investment decisions.
Disclaimer: The information provided in this article is general in nature and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information with regard to your objectives, financial situation, and needs.