Housing market cools – by RPData
Posted on 07 June 2010 by admin
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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