Market Essentials - August 2018

Although Sydney and Melbourne’s market slowdowns have been dominating headlines, the news isn’t all bad, with considerable divergence across the country. Hobart, Canberra and Brisbane are seeing positive momentum.

CoreLogic’s Tim Lawless warns negative equity could be a risk for recent home buyers with data showing national property prices sitting 32.4 per cent above those five years ago. Those flipping properties are at risk of feeling the biggest impact across the country. According to Sally Tindal of RateCity, “people who bought at the peak of the market could be in a financial noose.”