Home values up across capital cities: CoreLogic
There have been increases in all in the capital city home values, even Perth, according to CoreLogic’s latest weekly report.
The property advisory firm says that over the 12 months the capital cities’ home value have increased by 8.5%.
The biggest increase was in Sydney where over a 12 month period it had increased by 12% with Perth’s home value declining by 4%.
The number of listings in Sydney is declining with the number of new listings in Sydney down by 12% with a further reduction of 10% over 12 months for total listings.
In contrast the number of properties in total listed over 12 months in Perth increased 18%.
The total number of new listings in Brisbane has increased by 9%.
Once again houses dominate the sales compared with units with the most expensive properties being Sydney.
The average price that can be expected in Sydney out of 3,166 sales for houses is $931,850.
On the other hand out of the 1,783 units sold in Sydney the median price was $715,000.