Friday, May 29, 2009

This week's InsideStory

InsideStory report brought to you by RP Data sums up the market perfectly, plenty of volume under $400,000 as the first home market is running hot, thanks to the First Home Owners Bonus. 30% of the states transactions are coming from just 3 council areas, this is really good reading if you are following the market.

Here is one paragraph direct from the report but a few terrific graphs so have a look:

“From a price point perspective, more sales are occurring under $600,000 and fewer sales are occurring over $600,000. Across the nation’s capital cities, the largest jump in market activity is occurring in the $300,000 to $400,000 price segment. No surprises here – this is where first home buyers are most concentrated. Across the capital cities, house sales priced under $500,000 now account for 70% of the entire market (compared to 65% last year).”

Open the report and have a good read.

Property Pulse (May 2009) (PDF)

Anthony Toop, Managing Director.

© Toop Real Estate Group

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