Affordability improves as capital city values flat- line. In September capital city values were mostly unchanged ( +0.1 per cent seasonally adjusted / +0.4 per cent unadjusted ) with Canberra the best performing up 1.9% seasonally adjusted and Perth the worst down 5% seasonally adjusted.
RP Data, Senior Research Analyst, Cameron Kusher explains that for the first time since the end of the GFC in Australia bargaining power is shifting from sellers to buyers. With more properties on the market and fewer buyers, discounts can now be obtained. Properties expected to show growth over the next year are once again those that are well located.
