Perth unit values up 5.3% in a month: RP Data

Larry SchlesingerApril 1, 2013

Perth apartment values rose a noteworthy 5.3% in the space of a month to a median of $420,000, according to the latest RP Data-Rismark index.

This made it the top performing capital city housing market across both detached houses and units over March.

Perth's unit price gain over March was more than seven times the 0.7% gain recorded across all capital city unit markets.

In contrast Canberra unit values fell 2.5% over March to a median of $414,000.

According to RP Data, Perth units offer a  rental yield of around 5% with the highest potential returns in Darwin (6.3%), Canberra (5.6%) and Brisbane (5.6%).

 

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

Editor's Picks

26 Vista Street, Surfers Paradise apartment development, hits 70 per cent sold
Latent Defects Insurance 101: What is the Technical Inspection Service (TIS) Program
City Beat January 2025: Gold Coast property values continue to grow as off the plan enquiries hit near 12-month high
Live parkside in Melbourne for under $500,000
Amalgamated Property Group launches Affinity Broadbeach apartments ahead of construction commencement