Every Australian State Got Weaker. Is the Bottom In?

Every Australian state and territory posted a weaker result last quarter. But that is direction, not proof of a crash or confirmation that the market has hit bottom. • New South Wales and the ACT were already falling — and fell harder • Victoria, Queensland, Western Australia and the Northern Territory flipped from rising to falling • South Australia and Tasmania moved from flat to falling • In six markets, both the cheaper and more expensive ends fell • Point Cook shows why state averages can hide the real result: Festival Drive recorded a $1.72 million median, versus $555,000 on Jellymont Road • The gap between those Point Cook streets was three times What this means for you: national property market numbers can hide what is happening on your actual street. Before deciding whether to buy now or wait, check comparable sales, local conditions and the cost of waiting against the rent you would pay. Your street, versus its suburb. No cost no opt in → https://ripe.house/streets Subscribe for more data-led Australian property analysis. #AustralianProperty #PropertyInvesting #PropertyMarket #BuyersAgent #PointCook This video is general information only and not financial or investment advice. Consider your own circumstances and seek professional advice.

The latest sale numbers look weaker in every state and territory. Does that mean the downturn is getting worse? Here is the real split. Two states were already falling and fell further. Four states split from rising to falling. Two states went from flat to falling. I will show you that split. I will show you what changes in the homes being sold can hide. And I will show you the one check you need before you decide the market has hit bottom. Everyone wants a simple answer. Is it over or not? Hope is not data. So I pulled the real sold prices for every state and asked one question. Is the size of the fall getting bigger or smaller quarter on quarter? That is the only question that tells you direction. It does not tell you where the fall will end. Nobody's two quarter chart does. Here is what actually changed. New South Wales and the ACT were already falling. They fell harder. Victoria, Queensland, WA and the Northern Territory flipped from rising to falling. South Australia and Tasmania went from flat to falling. Every single state and territory posted a weaker result than the quarter before. That is a real pattern. It is not proof of a bottom. It is not proof of a crash. It is direction. If this split changed how you think about timing, subscribe. Next week, a new state, a new check. Before you trust any of this, run the check. Almost nobody does. Did the median fall because home values actually fell or because fewer expensive homes happened to sell that quarter? I split each state into cheapest quarter sales and the priciest quarter sales. In New South Wales, Victoria, Queensland, South Australia, Western Australia and the ACT, the cheap end and the expensive end both fell. If you're a buyer, do not assume today's discount is the final discount. Check your local comparable sales. Check how reliable the recent trend actually is in your specific street, not the national headline. If you are a seller who does not need to sell, weighting has real logic behind it now. This is not a moment to panic in either direction. Here is my dad maths. Do I buy now or wait? I would not use the national number. I would pull up their actual street. Is it behaving like New South Wales and Victoria? A broad fall top to bottom? Or like the Northern Territory and Tasmania where the cheap end is holding? Then I would weigh that against their rent every month they weight because weighting is not free either. Would I buy it for my kids today? It depends on the street, not the headline. That is exactly why I built the tool I'm about to show you. A state number hides more than it tells you. Take Point Cook, one of the most searched suburbs in our research platform. Over the last two years, houses on Festival Drive sold for a median of $1.72 million. A few streets away, houses on Jellymont Road sold for a median of $555,000. Same suburb, same two years and a three times gap between the best street and the worst street. The state number you read in the news cannot see that gap. Your street decides your result, not the state average. Check your own street for local factors impacting the value of the property and the future performance. Free tool, link below, no sign up needed. If we're right about the street you already know and you test first, trust us on the next one. Every state and territory got weaker last quarter. The bright spot, cheap homes in the Northern Territory and Tasmania is small and real and worth watching. Not a reason to call the bottom. This is gen