Ensure you never miss an issue of the
real estate business bulletin
Real estate activity peaks

Real estate activity peaks

by Reporter 0 comments

After a couple of months of strong growth real estate activity has peaked and will ease over the coming period according to the latest figures from RP Data.

According to RP Data’s Market Activity Index, real estate activity increased by 17 per cent at the beginning of June and is currently 26 per cent higher than the same period last year.

The consistently high measure in the index suggests that real estate agent listing activity is at its highest point and will likely start to taper over the coming month as agents shift focus from listing to selling.

The RP Data – Rismark Home Value Indices for August, released earlier this week, showed a significant jump in property values.

Over the last twelve months Australian property values have increased by 6.6 per cent (houses up 6.0 per cent and units up 8.3 per cent).

The largest gains have been in Darwin, however, data over the last quarter shows that Melbourne is starting to rival the northern state’s dominance as the number one capital city for value growth.

Sydney houses remain the most expensive in the nation with a median value of $603,154 – $89,000 higher than the national average.

After a couple of months of strong growth real estate activity has peaked and will ease over the coming period according to the latest figures from RP Data.

According to RP Data’s Market Activity Index, real estate activity increased by 17 per cent at the beginning of June and is currently 26 per cent higher than the same period last year.

The consistently high measure in the index suggests that real estate agent listing activity is at its highest point and will likely start to taper over the coming month as agents shift focus from listing to selling.

The RP Data – Rismark Home Value Indices for August, released earlier this week, showed a significant jump in property values.

Over the last twelve months Australian property values have increased by 6.6 per cent (houses up 6.0 per cent and units up 8.3 per cent).

The largest gains have been in Darwin, however, data over the last quarter shows that Melbourne is starting to rival the northern state’s dominance as the number one capital city for value growth.

Sydney houses remain the most expensive in the nation with a median value of $603,154 – $89,000 higher than the national average.

Real estate activity peaks
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?