Similarly to Sydney, a lot of people are worried about affordability in Melbourne. Our Most Affordable Suburbs report shows that there are still desirable pockets close to the city centre that are reasonably priced; you just need to know where to look!
With interest rates looking like they are making themselves comfortable at their historically low setting, now may just be the time to get a foot on the property ladder or add to your portfolio. But just because rates are low doesn’t mean property is affordable!
CoreLogic has revealed where properties are selling for more or less than their previous purchase price.
So one of your New Year’s resolutions is to crack into the investment market eh? Well if you’re a newbie to property investment then this infographic is for you!
Adelaide recorded the third largest year-on-year jump in sales last financial year, so Aussie partnered with RP Data to find out which suburbs are selling above or below the advertised price.
Compared to Australia’s other capital cities, Hobart properties under-performed over the last financial year with average price growth of just 1%. With inflation sitting at 3%, this actually represents a value fall in real terms.
Last financial year was a tough time for the Canberra property market. Average property price growth was just 1.9%, which with inflation sitting at 3% actually represents a value fall in real terms.
Following a strong rise in home values across Australia’s northernmost capital city, we partnered with RP Data to find out where you can still bag a bargain and where you should expect to pay more.
Over the 12 months to July 2014, Melbourne home values increased by 11%, second only to Sydney’s growth of 14.8%. Melbourne homes are also selling faster than last year with the average number of days on market falling from 45 in June 2013 to 41 in June 2014.
While property value growth in Brisbane hasn’t been as strong as its southern sisters Sydney and Melbourne, the sunshine state capital did record the second largest year-on-year jump in sales at 12.3% over the three months to May, second only to Hobart.