{"id":2353,"date":"2022-04-13T22:21:22","date_gmt":"2022-04-13T22:21:22","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/heres-whats-happening-to-property-prices\/"},"modified":"2022-04-13T22:21:22","modified_gmt":"2022-04-13T22:21:22","slug":"heres-whats-happening-to-property-prices","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/heres-whats-happening-to-property-prices\/","title":{"rendered":"Here’s what’s happening to property prices"},"content":{"rendered":"

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We know the once in a generation of property boom Australia experienced last year is now over. <\/strong><\/p>\n

But what\u2019s really happening to property values now?<\/p>\n

The new Prop<\/a>Track Home Price Index<\/a>, released this month, reveals trends in price growth across the country.<\/p>\n

In a recent article Proptrack economist<\/a> Paul Ryan explained what\u2019s happening on the ground with the help of 5 charts<\/p>\n

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    Property price growth is slowing<\/span><\/h2>\n<\/li>\n<\/ol>\n

    Ryan explains that in the year to October last year, prices grew at close to 25% \u2013 the fastest pace for more than 30 years.<\/p>\n

    But in the year to March, that rate was down to 18% \u2013 and prices have started to fall in Perth and were very slightly down in Melbourne in the month.<\/p>\n

    In monthly terms, growth has now slowed to just 0.3% in March, the slowest monthly rate since May 2020.<\/p>\n