Highlights over the quarter:
- Best performing capital city: Darwin +2.5 per cent
- Weakest performing capital city: Hobart, -3.7 per cent
- Highest rental yields: Darwin houses with gross rental yield of 6.1 per cent and Darwin Units at 5.9 per cent
- Lowest rental yields: Melbourne houses with gross rental yields of 3.6 per cent and Melbourne units at 4.4 per cent
- Most expensive city: Sydney with a median dwelling price of $580,246
- Most affordable city: Hobart with a median dwelling price of $317,500
According to RP Data Senior Research Analyst,
Cameron Kusher, we have now seen two successive
years of annual value declines, however the annual
rate of declines has improved substantially compared
to last year.
“Home values in Brisbane, Perth and Hobart remain below where they were five years ago, whereas the other mainland cities have all recorded significantly lower rates of growth in home values over the past five years than they did over the preceding five year period."
Brisbane apartment prices (to 31 December 2012):
December 2012 - down 2.8%
Quarter - down 0.9%
Year to Date - down 3.5%
Year on Year - down 3.5%
Median price based on settled sales of Brisbane apartments over the quarter - $363,000.
“Home values in Brisbane, Perth and Hobart remain below where they were five years ago, whereas the other mainland cities have all recorded significantly lower rates of growth in home values over the past five years than they did over the preceding five year period."
Brisbane apartment prices (to 31 December 2012):
December 2012 - down 2.8%
Quarter - down 0.9%
Year to Date - down 3.5%
Year on Year - down 3.5%
Median price based on settled sales of Brisbane apartments over the quarter - $363,000.
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