Recent Buying Selling Lifestyle Investor Tenants
Recent Buying Selling Lifestyle Investor Tenants
Buying

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

Keep Reading

Rules with Pets in a Property

Pets are a large part of our lives and most of us can’t live without them. However, it’s important to know your rights and responsibilities around having a pet in a property. Here we have 3 common questions home owners often have when purchasing or leasing out a property and having pets. Read More

4 jobs you need to do after a renovation

The contractors have gone home and your renovation is done and dusted – or is it? Your job isn’t over just yet… Read More