admin-ajax.php

Melbourne Housing Market Update [Video] – May 2017

According to the CoreLogic results, dwelling values increased by 0.1% across the combined capital cities in April, with housing market conditions slowing in both Sydney and Melbourne. 

The result for the Melbourne property market was also lower than previous months of 2017, with dwelling values up 0.5% over the month.

graphic-mel-new

Melbourne values increased slightly more at 12.6% in the same period.

The largest capital cities continued to show the lowest rental yields; Sydney and Melbourne both recorded a gross yield of 2.7% for detached houses in April.

Affordability constraints are very much evident across Sydney, and to a lesser extent Melbourne which would be progressively impacting on housing demand.

core4

One of the more interesting developments in a Melbourne housing market has been a rebound in weekly rents. melbourne victoria

Rents are now rising in just over 4% per annum across both the house and unit sector.

With capital gains across the unit sector now below 4% per annum, there’s actually been a slight improvement in the gross yield for Melbourne units rising from 4% to 4.1% over April.

YOU MAY ALSO BE INTERESTED IN READING:

Perth Housing Market Update [Video] – May 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] – May 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Your email address will not be published.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!