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.