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Hobart, Brisbane, Canberra and Adelaide reach record high home values

House values lifted in every capital city throughout January with four reaching record new highs. According to CoreLogic’s February market report, Hobart, Brisbane, Canberra and Adelaide recorded peak home values in the first month of the year. Hobart Hobart recorded the highest annual change in dwelling values, up 5 per cent in the twelve months to January. The rate of return on investment is now at 10.5 per cent, with a median house value of $481,665. The southern city also has the tightest rental market in the country, with rental rates rising 5.8 per cent over the past twelve months. Brisbane Brisbane property values rose by 0.5 per cent in January and 2 per cent over the quarter. Annually, values have increased by 1.1 per cent. Canberra Canberra followed Hobart in terms of an annual change in property values, rising 3.1 per cent in the twelve months to January. The median property value is now at $630,078. According to the Housing Boom and Bust Report released by SQM Research, Canberra is forecast to offer consistent improvement and remain in healthy positive territory in 2020. Adelaide Adelaide property values lifted by 0.2 per cent in January, with a median property value of $437,411. The city is expected to see market conditions continue to improve due to rising population fuelling housing demand and a relatively healthy housing affordability in comparison to other capital cities. Other cities While Sydney and Melbourne continue to lead the market rebound, they need to lift a further 5.4 per cent and 1.2 per cent respectively before posting a full nominal recovery. It’s expected that Perth and Darwin will take much longer to recover after experiencing a slump of more than eighteen months. Perth has started to show signs of recovery however will need to recover a further 21.3 per cent to surpass its 2014 peak. Darwin, on the other hand, remains 31.8 per cent below peak. Source:x Four capital cities reach record high home values Property values lifted in every capital city throughout January with four capital cities reaching record new highs, according to CoreLogic’s latest report. homesales.com.au
Steve
Steve
1Mo ago 34 Views

SA: Adelaide's top 10 fast selling suburbs

Homes in Glenalta sell faster than anywhere else in Adelaide, new data shows. The latest figures reveal the median time on market for homes in the Hills suburb is 15 days. This compares to 46 days for Adelaide. Glenside, in Adelaide’s east, is second on the list with homes selling within 17 days and Kidman Park in the west is third with 20. A lot of families are living there and people from the surrounding suburbs will sell to buy something in Glenalta because they don’t want to leave the Hills but they want to be closer to the city. Read more:x Glenalta and Glenunga top the list of suburbs wher... The median time on market in Adelaide’s fastest selling suburb is just 15 days. Can you guess where it is? See the top 10 list here. www.realestate.com.au
Ronie
Ronie
1Mo ago 29 Views

SA homeowners rejoice as Adelaide property market continue to grow

When it comes to price growth, Adelaide’s more affordable suburbs shine, the latest Valuer-General’s figures show. Looking at suburbs to have had at least 10 sales for both 2019’s final quarter and Q4 2018, more than half of the top 20 suburbs for capital growth had median values of less than $500,000. These include Evanston Park ($418,000), Rosewater ($461,000), Banksia Park ($473,250), Port Willunga ($390,000), and Andrews Farm ($310,000). Largs North ($450,000), Redwood Park ($420,000), Elizabeth Downs ($203,250), Salisbury ($339,000), Aldinga Beach ($380,000) and Nairne ($405,750) round out the list. Read more: x Affordability driving house value growth, SA Value... The latest Valuer-General’s quarterly figures are out and it’s great news for some of SA’s more affordable suburbs. Find out why our cheaper areas have had strong value increases, and could expe... www.realestate.com.au
Royal
Royal
1Mo ago 34 Views

SA: The favorite top 10 suburbs of Adelaide

The latest data from research shows that residents of the inner-south suburbs live in their homes longer than anywhere else in Adelaide, with residents only turning over their homes every 16.9 years on average. This is followed by Urrbrae with 15.1 years, and North Brighton (14.2 years). Property experts said there were a range of reasons why Highgate residents were staying put, namely schooling options, the style of housing and convenience, and lack of stock on the market for downsizers looking to move on. That means if you are on the hunt for a house in leafy Highgate, act fast or be prepared to wait. If you want to take a sneak peak into these suburbs and for how long residents have occupied their houses in these suburbs, here are the numbers: Highgate - 16.9 yearsUrrbrae - 15.1 yearsNorth Brighton - 14.2 yearsBellevue Heights - 14 yearsHawthorn - 13.2 yearsNorth Adelaide - 12.8 yearsSeaview Downs - 12.6 yearsGlenelg South - 12.6 yearsOld Noarlunga - 12.6 yearsSemaphore - 12.6 years Details inside: x The top 10 Adelaide suburbs that residents don’t... Quality schooling, the style of housing, convenience and a lack of stock are the reason this suburb is so tightly held. www.realestate.com.au
Ronie
Ronie
1Mo ago 41 Views

Top 6 reasons to make a move towards Adelaide in 2020

As if we need to convince you, but just in case you are sitting on the fence, there are too many reasons to consider a move to Adelaide this year. A mix of lifestyle, market performance, amenities, schooling and affordability make investing in or moving to Adelaide a serious consideration for many people. With rental prices nearly half that of Sydney, and with some suburbs in Melbourne seeing house prices increase by nearly 20 per cent over 2019, there is little wonder why people are looking interstate to build a prosperous future. 1. A healthy market performance2. A stunning backyard3. Strong market potential4. A centre for investment in renewables5. World-class education facilities6. A wine region to make the rest of the country jealous Read more:x 6 reasons to move to Adelaide in 2020 | realestate... As if we need to convince you, but just in case you are sitting on the fence, there are too many reasons to consider a move to Adelaide this year. A mix of lifestyle, market performance, amenities, sc... www.realestateview.com.au
2Mo ago 59 Views

Adelaide suburbs dominate top 10 booming suburbs

The housing market’s recovery continues but according to new data, a less fashionable corner of the country is dominating the list of booming suburbs. As the national property market continues its back to recovery, a surprising corner of the country dominates the top price growth list. “SA does seem to be a market that is less prone to speculation, so we don’t tend to see such boom or busts occurring in Adelaide,” Ms Conisbee told. https://www.propertynoise.com.au/adelaide-suburbs-dominate-top-10-booming-suburbs/ Adelaide suburbs dominate top 10 booming suburbs -... Up until the May federal election, Australia was in the grip of a property downturn but the analyst says the South Australian capital avoided the dramatic losses experienced across the country. www.propertynoise.com.au
Royal
Royal
3Mo ago 130 Views
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