{"id":1348,"date":"2021-12-28T09:27:42","date_gmt":"2021-12-28T09:27:42","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/property-updatewhy-housing-markets-perform-differently-from-each-other\/"},"modified":"2021-12-28T09:27:42","modified_gmt":"2021-12-28T09:27:42","slug":"property-updatewhy-housing-markets-perform-differently-from-each-other","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/property-updatewhy-housing-markets-perform-differently-from-each-other\/","title":{"rendered":"Property UpdateWhy housing markets perform differently from each other"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Even when we compare price performance in capital cities with similar housing prices and population sizes such as Perth and Adelaide, we quickly discover that their performance can be very different.<\/p>\n<p>As the CoreLogic data shows, Perth\u2019s housing market growth run appears to be over, while Adelaide\u2019s is gaining strength.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-160266 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Perth-movts.png\" alt=\"Perth Movts\" width=\"551\" height=\"298\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Perth-movts.png 551w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Perth-movts-300x162.png 300w\" sizes=\"auto, (max-width: 551px) 100vw, 551px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-160265 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Adelaide-movts.png\" alt=\"Adelaide Movts\" width=\"573\" height=\"292\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Adelaide-movts.png 573w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Adelaide-movts-300x153.png 300w\" sizes=\"auto, (max-width: 573px) 100vw, 573px\"\/><\/p>\n<p>If population or market size and affordability are not the causes of these price movements, what is behind them?<\/p>\n<p><strong>The problem is that we are looking at the wrong causes. <\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-158282 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/demand-300x225.jpg\" alt=\"Demand\" width=\"300\" height=\"225\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/demand-300x225.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/demand.jpg 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/>While the market size and property prices obviously have an effect on demand, the real cause of price changes is the relationship of supply to demand.<\/p>\n<p>As long as the supply of properties on the market is less than the demand for them, prices will rise.<\/p>\n<p>We can see this taking place in Adelaide and Brisbane.<\/p>\n<p>But, when the supply of properties for sale starts to exceed buyer demand, the rate of growth declines, as we see in Sydney and Perth.<\/p>\n<p>So, performance is not about size or price, because property markets in cities of the same size and sale prices can behave very differently from each other.<\/p>\n<p>It\u2019s all about the supply of properties compared to the demand for them.<\/p>\n<p><span style=\"color: #ff9900;\"><strong>ALSO READ: <\/strong><\/span><a href=\"https:\/\/propertyupdate.com.au\/heres-what-property-investors-will-be-doing-in-2022\/\" target=\"_blank\" rel=\"noopener\">Here\u2019s what property investors will be doing in 2022<\/a><\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/propertyupdate.com.au\/why-housing-markets-perform-differently-from-each-other\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Even when we compare price performance in capital cities with similar housing prices and population sizes such as Perth and Adelaide, we quickly discover that their performance can be very different. As the CoreLogic data shows, Perth\u2019s housing market growth run appears to be over, while Adelaide\u2019s is gaining strength. If population or market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,39,37,38,81],"tags":[],"class_list":["post-1348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-homepage-top","category-latest","category-property-investment","category-weekly-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Property UpdateWhy housing markets perform differently from each other | Urban Buyer: Buyers Agent &amp; Advocates | Best Property Buyers For You<\/title>\n<meta name=\"description\" content=\"Even when we compare price performance in capital cities with similar housing prices and population sizes such as Perth and Adelaide, we quickly discover\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/royabhishek.in\/urbanbuyer\/property-updatewhy-housing-markets-perform-differently-from-each-other\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property UpdateWhy housing markets perform differently from each other\" \/>\n<meta property=\"og:description\" content=\"Even when we compare price performance in capital cities with similar housing prices and population sizes such as Perth and Adelaide, we quickly discover\" \/>\n<meta property=\"og:url\" content=\"https:\/\/royabhishek.in\/urbanbuyer\/property-updatewhy-housing-markets-perform-differently-from-each-other\/\" \/>\n<meta property=\"og:site_name\" content=\"Urban Buyer: Buyers Agent &amp; 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