House, unit capital gain gap closes: CoreLogic RP Data

House, unit capital gain gap closes: CoreLogic RP Data
House, unit capital gain gap closes: CoreLogic RP Data

House values continue to increase faster than units but the gap in capital gain has closed over the last few months, according to CoreLogic RP Data's Hedonic Home Value Index for February.

Over the year, house values increased 7.8 percent, units 6.2 percent. According to CoreLogic RP Data head of research Tim Lawless, over the current growth phase, house values have increased by a total of 33.3% compared to a 22.8% total rise in unit values.

“The CoreLogic-Moody’s Analytics forecasts for 2016 indicate the pace of appreciation in Melbourne home values is likely to remain more resilient to a slowdown this year, while cities like Brisbane, Hobart and Canberra are set to see an improvement in the growth trend.

"The forecast seems to be evident so far in these numbers.

“Overall, the latest results provide further evidence of a controlled moderation in the pace of home value appreciation.”

House values continued to increase at a faster annual pace than unit values, however the gap in capital gain performance has narrowed over recent months. 

 

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House, unit capital gain gap closes: CoreLogic RP Data

Tags: 
Capital Gains Housing Value

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