2012 ‘Best of the Best’ in Property

Which were the best of the best suburbs in property in 2012?

Well…2012 has been another comparatively weak year for the residential housing market, with data to November indicating that capital city home values have fallen by -0.1% over the year.

The residential housing market has recorded falling values on an annual basis throughout 2012.

Based on the RP Data-Rismark Home Value Index, over the 11 months to November values fell by -0.1% across the combined capital cities with house values falling by -0.4% and unit values increasing by 1.6%.

Over the first 11 months of 2011, capital city home values had fallen by -3.8% with house values down -4.0% compared to a -2.6% decline in unit values.

But the trend is now up

Capital city home values have been trending higher since May of this year and the data indicates that conditions throughout 2012 have been superior to those in 2011 albeit values still fell.

There are a number of reasons why the market conditions have been so poor over the past year. Namely, the growth in housing credit has been extremely limited, consumer confidence has been at lower levels and affordability barriers have been prevalent in the market over most of the year due to the higher mortgage rate environment.

Although market conditions have generally been quite weak over the last 12 months, as is normally the case, select areas of the country have well and truly outperformed.

RPData have compiled a  a list of the top performing suburbs around Australia over the 12 months to September 2012. Specifically, the analysis will look at:

  • Highest median sale prices
  • Most affordable median sale prices
  • Most affordable median sale prices within 10km of the capital city
  • Highest indicative gross rental yields
  • Highest indicative gross rental yields within 10km of the capital city
  • Greatest increase in median selling price over the past 12 months
  • Greatest increase in median selling price over the past five years
  • Highest median weekly advertised rental rates
  • Most affordable median weekly advertised rental rates
  • Highest gross value of sales

The table below details the top performers nationwide for each category:

View larger image

Download the full 2012 ‘Best of the Best’ tables here [PDF 250KB] .



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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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