Melbourne Housing Market Update [video] | June 2019

Melbourne dwelling values continued to trend lower in May, down 0.3% over the month to be 11.1% lower since peaking in November 2017.

CoreLogic has released their newest housing market update for June 2019.

Although values are still falling, this was the smallest month on month decline since March last year and continues a trend of diminishing declines that have been evident since February earlier this year.

Despite the ongoing falls, Melbourne dwelling values remain almost 24% higher than they were five years ago, highlighting that most homeowners still hold a substantial amount of equity in their homes.

While dwelling values trend lower, rental rates are rising, albeit relatively slowly.

Rents were only 1.5% higher over the past twelve months, however, with dwelling values down almost 10% over the year, gross rental yields risen sharply, up from 3.2% a year ago to 3.7% in May 2019.

A1

A2

You may also want to read:

NATIONAL HOUSING MARKET UPDATE [VIDEO] | JUNE 2019

PERTH HOUSING MARKET UPDATE [VIDEO] | JUNE 2019

ADELAIDE HOUSING MARKET UPDATE [VIDEO] | JUNE 2019

Metropole Property Home Buyers Enquiry

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.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.

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.


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


'Melbourne Housing Market Update [video] | June 2019' 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Your email address will not be published.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
email