August Property Market Snapshot

A snapshot of housing market activity across Australia’s combined capital cities over the past 12 months to July 2013 shows that home values increased by 4.9 percent.

While sales activity across the national housing market is continuing to escalate and home values are increasing, they remain 1.3 percent lower than their historic peak of October 2011 across the combined capitals.

RP Data estimates that over the three months to May 2013, there were 90,274 houses and 33,394 units sold across the country.

An individual look at our combined capital cities shows that values have risen across every city except for Hobart where they have fallen by 0.4 percent.

The strongest performing cities in terms of annual value growth were Perth (8.3%), Sydney (6.5%), Melbourne (4.3%) and Canberra (4.1%).

Value growth has been much more subdued over the past year in Brisbane (0.8%), Adelaide (1.1%) and Darwin (1.7%). Excluding Darwin, value growth for houses has been stronger over the year than that for units.

August Property Snapshot2

 

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Want more of this type of information?


Tim Lawless

About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


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