Property values 9.8 per cent higher for 2013 - RP Data-Rismark

According to the RP Data-Rismark Home Value Index, property prices across Australia’s combined capital cities rose 9.8 per cent over the 2013 calendar year.

The national rate of growth was the highest since 2009 when home values were up by 13.7 per cent and is evidence that low interest rates and increase consumer confidence are having an effect.

Growth in each capital city was positive with Sydney (14.5%), Perth (9.9%) and Melbourne (8.5%) filling the top three spots.

Houses (9.9%) performed slightly better than units (9.0%) though it should be noted that units had the better rental yield of 4.7 per cent compared to houses 3.9 per cent.

Summary of the 2013 calendar year

Best performing capital city: Sydney +14.5 per cent
Weakest performing capital city: Hobart +2.2 per cent
Highest gross rental yields: Darwin houses 6.0 per cent and Darwin Units 6.2 per cent
Lowest gross rental yields: Melbourne houses 3.4 per cent and Melbourne units 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

Full statistics, tables and graphs can be viewed here.
 

Posted in: Property market

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