Site menu

Search by ticker code:
Generic filters


Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

May 2019, Australian House Price Decline Slows

The CoreLogic Hedonic Home Value Index results for May 2019 have been released this morning, showing a continuing fall of Australian house prices, but the decline has slowed. 

The CoreLogic Hedonic Home Value Index results for May 2019 have been released this morning, showing a continuing fall of Australian house prices, but the decline has slowed.

CoreLogic is a research firm that monitors residential and commercial property prices across Australia.

Australia House Prices Keep Falling

CoreLogic said that dwelling values across Australia fell further over May, dropping another 0.4% nationally.

But, there was a mixed result across the board.

In Australia’s largest city, Sydney house prices dropped by 0.5%. over the month and have fallen 10.7% over the past 12 months.

Melbourne house prices were fairly similar, the month of May 2019 showed a decline of 0.3% and the past year’s fall represents 9.9%.

Brisbane house prices were down 0.5% in May but the annual decline is only 2.3%.

Adelaide house prices increased by 0.2% and have actually risen by 0.4% over the last 12 months.

However, Perth house prices dropped 1% in one month and show a fall of 8.8% in the past year.

Darwin house prices fell by a painful 1.6% in May 2019, the annual decline has been 8.6% according to CoreLogic.

Hobart house prices were down 0.4% for the month, but still show a gain of 3.4% over the past year.

Canberra house prices fell 0.2% in May 2019 but are up 2.4% over the the last 12 months.

What Does This Mean?

Quite a mixed bag. The resource-focused cities of Perth and Darwin continue to suffer from large price declines.

Melbourne and Sydney house prices continue to fall but the decline has reduced due to the combination of factors of the Liberal election win, the APRA interest rate buffer adjustment and potential RBA interest rate cuts.

The property decline slowdown is positive news for many ASX shares including REA Group Limited (ASX: REA), Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), Boral Limited (ASX: BLD).

I’m still saving a house so I hope the property market isn’t going to dramatically recover, but a property cash wouldn’t have been good for anyone – so I’m glad that seems to be off the cards.

[ls_content_block id=”14947″ para=”paragraphs”]

[ls_content_block id=”18380″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content