Real estate's data evolution

Strong housing headwinds have forced property groups to get smarter when it comes to extracting value from the market.

The latest housing data from the Australian Bureau of Statistics (ABS) has highlighted how global economic headwinds continue to bite the Australian property sector. According to the ABS, housing finance in July fell 1.8 per cent in seasonally adjusted terms to $20.05 billion - down one per cent on the same time a year ago - and well down on the peak at the start of the year. And while clearance rates in Melbourne and Sydney hover at 60 per cent, an increase in properties coming on to the market in the traditionally busy spring season will dampen prices.



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