admin-ajax.php

Melbourne Housing Market Update [Video] – February 2017

Melbourne has finished the January with the the lowest rental yielding market for houses, averaging 2.7%. 

The largest month-on-month gains were recorded in Hobart (+1.4%), Sydney (+1.0%) and Melbourne (+0.8%).

graphic-mel-new

On a quarterly basis, the CoreLogic January index results confirmed that all capital cities recorded a rise in dwelling values, with Hobart in the lead, recording a 5.8% rise in dwelling values over the three months to the end of January.

Melbourne (+2.4%) also posted strong increases over the rolling quarter.

Recent auction results also provide some affirmation of the strong start to the New Year; the last week of January saw a combined capital city preliminary clearance rate of 75%, with 80% of Sydney auctions clearing and 86% of Melbourne auctions clearing.

core5

view from st kilda melbourne victoria state city live boat bay lifestyle

While auction numbers are ramping up from a seasonal slowdown, early CoreLogic results indicate sellers remain in the drivers’ seat across the Sydney and Melbourne property market – the two largest auction markets in Australia.

Metadata flowing across CoreLogic valuation platforms is showing more than 40% of off-the-plan settlement valuations are coming in under contract price across the Melbourne, Brisbane and Perth unit sectors.

YOU MAY ALSO BE INTERESTED IN READING:

National Housing Market Update [Video] – February 2017



icon-podcast-large

SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

icon-email-large

PREFER TO SUBSCRIBE VIA EMAIL?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Avatar for Property Update

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


'Melbourne Housing Market Update [Video] – February 2017' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*

facebook
twitter
google
0
linkedin
0
email

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!