We’re expecting a full year growth rate for Australian property for 2013 will end up at around 8.5% to 9% – quite a difference to last year when housing recorded a decline of 0.4%.
Find out more in this video:
Novembers data has revealed that dwelling values have risen by 0.1%, hardly moved over the month.
This is following a 6.9% surge in the previous five months. Australian capital city dwelling values have moved 8.3% higher over the first eleven months of the year and it is looking unlikely that capital gains will reach double digit growth territory by the end of the calendar year.
Thank you for your support and for tuning into our monthly housing market updates. Have a very happy festive season and we wish you all the best in 2014. Stay tuned next year for our regular updates and reports.