New research from RPData shows that the average holding period for Australian property continues its upwards trend:
Cameron Kusher’s findings show that data to December 2012 identified that the average length of ownership for houses and units (based on
properties sold over the year) was 9.3 years, and 8.2 years respectively. Ten years ago, the average hold period for a house was 6.8 years, and
for a unit it was 5.9 years.
With the longest hold periods recorded in Melbourne, houses in the city were held for 10.8 years, while the hold period for units is now 9.2 years. Sydney followed with houses held for 10.1 years, and units for 8.2 years.
Makes sense as flipping declines along with the slow melt of the boom. Full report below.
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
