Residential real estate underpins Australia’s wealth.
The size of the residential property market is $5.7 Trillion according to CoreLogic.
Here is a series of graphs from their latest chart pack which give a good overview of our housing markets as at December 2014.
Capital city home values have increased by 8.5% over the year to November 2014
According to the CoreLogic RP Data Home Value Index, dwelling values across Australia’s capital cities fell by -0.3 per cent over the last month.
The data highlights that the rate of home values growth continued to slow across the capital cities.
Over the month, home values rose in Sydney (+1.0%), Brisbane (+0.4%), Perth (+0.9%) and Hobart (+0.2%) while values fell across the remaining capital cities.
Turnover: nationally, transaction numbers are 7.9% higher than a year ago
Vendor metrics: clearance rates fall while selling times and discounting reduce.
Rental markets are relatively soft while values rise…
Investors reach their highest value and proportion of loan commitments on record
Tomorrow I’ll share a Core Logic’s graphs outlining the macroeconomic and demographic factors affecting our property markets.
You can read our recent review of the various property markets with more graphs here:
- Sydney property market overview for December 2014
- Melbourne property market overview for December 2014
- Brisbane property market overview for December 201
- Perth property market overview for December 2014
- Adelaide property market overview for December 2014
- Darwin property market overview for December 2014
- Canberra property market overview for December 2014
- Hobert property market overview for December 2014
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