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Market split: The suburbs still running hot amid widespread cooling
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Property Investment News | Australia
New data showed that while investment confidence falters, plenty of opportunities remain nationwide as cooler conditions create a split in the property market.
You’re out of free articles for this monthNationally, the analysis showed positive market classifications dropped sharply across the quarter, falling from 52.1 per cent in March to 43.3 per cent in June.
Ryder said the results showed a cycle rotation rather than a market collapse, with the market cooling in real time.
Despite recent headlines about price declines in the major capitals, Melbourne still sat at 49.1 per cent positive markets and Sydney at 47.3 per cent, both well above the national average.
Meanwhile, he said that regional South Australia emerged as the strongest mainland regional performer, recording 49.1 per cent positive rankings across 57 markets.