PHOTO: Visitors reading a row of estate agent signs outside a newly-renovated apartment building. Source: Getty Images
Property market sentiment has changed over the last month, buoyed by the results of the Federal election, falling interest rates and APRA loosening its restrictions on lending.
However, there was still a decline in property values in our national housing markets in the month of May.
National dwelling values fell for the 19th consecutive month in May 2019, recording a -0.4 per cent decline – the smallest monthly decline since August 2018.
- Related article: Residents of ANOTHER high-rise building forced to evacuate
- Related article: 3 ways you can profit from a housing market rebound
- Related article: House prices are still dropping, but the bottom is in sight
Corelogic reports that over the month, combined capital city values fell by -0.4 per cent while the combined regional markets recorded a -0.2 per cent fall.
Over the past year, national dwelling values have fallen by -7.3 per cent which is their largest annual fall since January 2009.
https://propertynoise.co.nz/au/advertisingrates/
READ MORE VIA YAHOO