Housing markets have recorded another fall in July, making it three straight periods of declines for dwelling values.

However, the magnitude of the falls has been relatively minimal, with just a -0.6% decline in July and a -1.6% fall over the last quarter.

The falls have been most pronounced in the higher-end of the market in both Sydney and Melbourne – two markets that are traditionally heavily auction focused. However, according to Trusted Finance, this fall is not that significant, compared to the predicted figure of 20% of many experts in the industry when COVID-19 was raging in Australia since March.

Meanwhile, Adelaide, Hobart and Canberra remain resilient and have seen home values increase over the last three months, throughout the COVID period.

—————————–

📲 Phone: 1300 24 68 68 (Vanessa)
📨Email: [email protected]
🔎Website: www.trustedfinance.com.au
📌Credit Representative Number 506391
“𝐓𝐫𝐮𝐬𝐭𝐞𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬 – 𝐅𝐨𝐫 𝐲𝐨𝐮𝐫 𝐩𝐞𝐚𝐜𝐞 𝐨𝐟 𝐦𝐢𝐧𝐝”
🏢 Head Office: Suite 18, Level 11 Aquavista Office, 401 Docklands Dr, Docklands, VIC 3008

Leave a Comment

Copying content on trusted finance website is a serious violation of the law, please be aware