Statistics at a national or broad regional area only tell you part of the story.
While these statistics may show values or rents rising or falling, the market performance can be dramatically different across individual regions and suburbs across a capital city.
The Corelogic Mapping the Market Report is a series of thematic maps highlighting the following statistics for houses and units:
- Median values
- 12 month change in median values
- Median rental rates
- 12 month change in median rental rates
Across the combined capital cities, dwelling values have increased by 6.4% over the 12 months to March 2016 which is their slowest annual rate of growth in 31 months.
Rental rates on the other hand, have fallen by -0.2% across the combined capital cities over the past year and this is the first time on record (records run from 1996) that rental rates have fallen on an annual basis.
The common theme across the individual capital cities is that home values and rental rates are in most instances more expensive closer to the city and more affordable as you move further away from the city centre.
The charts also highlight that Sydney in particular is a much more expensive housing market relative to the other capital cities.
All data included in the following graph is displayed at a suburb level and where there is no colouring on the maps it indicates there were not enough sale or rental observations to calculate statistically reliable figures.
Also note that all of the underlying data is available for purchase.