Housing market cools – by RPData

Housing markets outside the capital cities record no growth in 2010.

Key RP Data –Rismark Index Statistics

  • National citydwelling values up 0.2% (0.3% s.a.) in month of April
  • National citydwelling values up 2.4% (1.9% s.a.)in quarter
  • National citydwelling values up 11.9% over last 12 months
  • National citymedian dwelling priceis $460,000
  • National rest of statehouse values down -0.2% in April (-0.1% s.a.)
  • National rest of statehouse values up 5.6% over last 12 months

Change in RP Data –Rismark dwelling values: April quarter

  • Sydney values 3.6% (median price: $507,000)
  • Melbourne values 3.7%(median price: $465,000)
  • Brisbane values -0.5% (median price: $445,000)
  • Adelaide values 1.4% (median price: $385,000)
  • Perth values -0.6 % (median price: $475,000)
  • Darwin values 3.1% (median price: $480,000)
  • Canberra values 4.1% (median price: $511,200)
  • Hobart values 6.1% (median price: $329,000)

Best Performing Capital City :

Canberra with home values up 4.1% over April quarter

Weakest performing capital city:

Perth with home values down -0.6 % over April quarter.

Highest rental yields:

Darwin with gross rental yield of 5.4% for houses and 5.6% for units

Lowest rental yields:

Melbourne with gross rental yields of 3.6% for houses and 4.1% for units.

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