WHAT PROPERTY PRICES ARE DOING SO FAR IN 2022 – EXPLAINED IN FIVE CHARTS

The PropTrack Home Price Index, released this month, reveals trends in price growth across the country.

Here is a quick update on what is happening in the market in five quick charts.

Price growth has clearly slowed since 2021.
In the year to October last year, prices grew at close to 25% – the fastest pace for more than 30 years.
But in the year to March, that rate was down to 18% – and prices have started to fall in Perth and were very slightly down in Melbourne in the month.
In monthly terms, growth has now slowed to just 0.3% in March, the slowest monthly rate since May 2020.

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