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HOUSE prices in Australia’s capital cities leapt 1.4 per cent in September, suggesting that recent rate cuts by the central bank are buoying the market. The finding in the latest RP Rismark Home Values Index, released on Tuesday 02/10/2012, was the largest monthly increase since March 2010. On a quarterly basis, house prices in the …
Continue reading “The weak property market has finally turned around?”
Chief Economist at the Macro Investor Leith van Onselen shared his 12-month price forecasts for Australia’s capital city housing markets based on consideration of key price drivers: housing finance; housing supply; affordability; and the macroeconomic outlook. Canberra: -3% to 0% Relative to the rest of the nation, Canberra’s housing market has displayed resilience, with values …
Continue reading “12-month price forecasts for Australia’s capital city housing markets – Canberra”
Wondering where the Australia property market stood in April 2011 & April 2012? This is where the market stood in April 2011, according to RP Data-Rismark’s index of dwelling values (houses & units): Year to April 2011 Median Price Change Sydney 1.2% Melbourne -0.4% Brisbane -6.8% Adelaide -2.1% Perth -7.1% Darwin -7.0% Canberra 0.7% Hobart …
Continue reading “Australia property price – A comparison across 2011 and 2012”
According to the latest home price index from RP Data-Rismark, capital city dwelling values in February 2012 rose by 0.8 per cent, after a 1 per cent fall in January 2012. Home values jumped by 5 per cent in Darwin, 2.2 per cent in Hobart, 1.8 per cent in Melbourne, 1.9 per cent in Canberra, …
Continue reading “2012 Property prices – February 2012 update on capital cities”
Summary Australia capital city home prices fell by four per cent in the year to October 2011. Flat to lower house prices for the next six months or possibly the next 12 months. Australia capital city home prices fell by four per cent in the year to October 2011, after a 0.5 per cent decline …
Continue reading “2011 Property prices – November 2011 update on capital cities”
Stable interest rates and improving economic conditions will drive house prices up by 20% in the next three years, with Perth and Sydney leading the way, a major mortgage insurer says. QBE Lenders’ Mortgage Insurance (QBE LMI), which supports lenders, has forecast price growth of up to 20 per cent in Sydney and Perth by …
Capital city house prices rose by 20 percent in the last 12 months to the end of March 2010 according to ABS. The Australian Bureau of Statistics (ABS) said prices rose by 4.8 percent in the last three months with Sydney and Melbourne leading the way with rises of 5.3 and 6.7 percent respectively. That …
Continue reading “House prices surge by 20 percent in the past 12 months”
Property prices ware up by 4.2 per cent across capital cities in the March quarter, a new survey says. The RP Data – Rismark Hedonic Home Value index, released on Friday, said property prices in the capital cities rose by an average 12.5 per cent in the year to March 31. Rismark chief executive Christopher Joye said …