"Settled market": House prices remain subdued, drop for fifth month straight
Follow
the podcast on
The property market's remaining subdued with a suggestion it'll be a while until there's real growth in prices.
Cotality data shows values on average fell by 0.4% over August, marking the fifth declining month in a row.
It notes global geopolitical tensions, the OCR lifting, and the upcoming general election is contributing to market uncertainty.
Real Estate Agent Rawdon Christie told Ryan Bridge the high amount of homes for sale is also probably supressing potential price increases.
But he says they saw a pretty healthy August, as vendors are meeting the settled market where it's at.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
