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Home values 9.8% higher at the close of 2013

08-Jan-2014
Written by Ashley Blake
Dwelling values across Australia’s capital cities increased by 1.4 per cent in December 2013 and by 2.8 per cent over the final quarter of 2013.




According to the RP Data-Rismark Home Value Index results for December 2013, capital city home values moved 1.4 per cent higher over the last month of the year.




Over the fourth quarter of the year, capital city home values rose by 2.8 per cent following on from a 2.8 per cent increase over the first quarter, by 0.2 per cent increase over the second quarter and by 3.7 per cent increase over the third quarter. Read full press release with charts here.




•Best performing capital city: Sydney, +4.1 per cent
•Weakest performing capital city: Hobart, -1.3 per cent
•Highest rental yields: Darwin houses with gross rental yield of 6.0 per cent and Darwin units at 6.2 per cent
•Lowest rental yields: Melbourne houses with gross rental yield of 3.4 per cent and Melbourne units at 4.2 per cent
•Most expensive city: Sydney with a median dwelling price of $655,250
•Most affordable city: Hobart with a median dwelling price of $330,000




SOURCE: RPData

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