10 Property figures you should be aware of

Whether you’re a property investor or buyer, these key figures will aid in your decision making as we go through several capital city values that affected the property landscape in the country.

1%. Sydney’s capital growth for homes for the 2nd quarter of the year, making it the best performing capital city.

-2.4%. On the other hand, Melbourne’s capital growth was at the bottom for the 2nd quarter, with home values dropping to -2.4%.

$328,250. This is the median dwelling price of the most affordable capital city in Australia, Hobart.

6.1%. Darwin has the highest rental yield in Australia for houses with 6.1%.

3.4%. Despite having the most expensive median price in Australia, Sydney’s home values have only increased to a modest 3.4% for the past decade.

$468,000. Melbourne’s median price is affected by an oversupply in inner city suburbs. Economists predict property values to drop further in the future.

4.3%. Melbourne’s unit yield, the lowest for all capital cities.

10.6%. Dwelling values increase for the middle 50% of all capital cities for the past year.

7.0%. Brisbane is slowly gaining steam, with home values increasing to 7% in the past year.

5.6%. The smallest capital gain for all capital cities is in Adelaide, finishing at a measly 5.6%.

Read more about this on the Property Observer website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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