A recent release from RP Data has illustrated a slight slowdown in the nation's property market, with collective property prices across all of Australia's capital cities rising by just 0.1 per cent during September. The RP Data CoreLogic September Hedonic Home Value Index found dwellings values during September levelled out, making it a great time for buyers to consider securing Carnegie real estate ahead of the impending summer burst.
The September quarter saw an overall growth of 2.9 per cent nationwide, with the market beginning to slow down since the peak of April. RP Data national research director Tim Lawless said since then, property values have been moderating and becoming more stable.
"The fact that the annual trend of capital growth has been trending lower is an important factor to note as it highlights that the rate of capital gain is no longer accelerating," said Mr Lawless in a 2 October statement.
If you're interested in taking advantage of the market and securing your own property in the local area, get in touch with Matt Hurlston at Ray White Carnegie. With his insight, you'll be able to find the most suitable home for your needs in the region.