admin-ajax.php

Property Market Value trends | Canberra

Here’s what’s happening in the Canberra property market according to Corelogic’s Decile report.

The report provides a detailed analysis at different levels of Australia’s property market by dividing the market into ten equal groups (or deciles) based on tiers of property value.

canberra-imageBy analysing changes in dwelling values across each decile, the report identifies which parts of the market are over or under performing relative to the headline trends, summarising property market conditions nationally and across each of the capital cities.

Canberra dwelling values increased by 0.5% over the three months to April 2018.

Over the 12 months to April 2018 values increased by 2.6%.

Although values have continued to increase and remain at historic highs, the annual rate of growth over the past year was the slowest it has been since June 2016.

While values have increased over the past three months, they have fallen across the 3rd and 4th deciles and the 6th decile has recorded the largest fall.

A1

A2

All other deciles have recorded an increase in values over the past three months.

Over the period the greatest increase in values was recorded across the most affordable 10% of Canberra properties.

ad_build_wealth
Values have increased over the past year for each of the 10 deciles in Canberra. The greatest rises in values have been recorded across the 7th decile followed by the 8th decile.

The slowest annual growth has occurred for the 10th decile followed by the 6th decile.

Over the past three months, the greatest value falls were for properties with a current value between $594,486 and $651,357 while the greatest increases were for properties valued below $389,604.

Over the past year, values have grown fastest for properties valued between $651,357 and $716,066 and the slowest growth has been for properties valued in excess of $958,485.

You may also be interested in reading:

PROPERTY MARKET VALUE TRENDS | DARWIN



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.


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


'Property Market Value trends | Canberra' 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!