March Property News

03 Apr March Property News

Perth’s market made headway in March, with an increase in values of 0.3%, giving the last quarter a decrease of 0.2% and an overall decrease annually of 2.4%.

According to CoreLogic’s hedonic home value index, national dwelling figures show that there was little change in March quarter (nationally). The month on month quarter stats showed a capital city decline of 0.2% countered by a 0.4% increase in combined regional markets.

The capital cities saw monthly declines for Sydney (0.3%) and Adelaide (0.3%). Hobart had the greatest increase of 1.7%, with Perth climbing by 0.3%.

CoreLogic Hedonic Home Values Indices Results

Click here to download the full report: CoreLogic Australian Dwelling Values March

Rental Market

Rental markets nationally appear to be easing with a 1.1% increase in rents over the March 2018 quarter (March 2017 was 1.5%).

Gross rental yields show Darwin as yielding the strongest returns, locally Perth yields above average with 3.8% for houses and 4.4% for units.

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Source: CoreLogic

At Fox Mortgage Services we have access to detailed suburb reports, if you would like to find out more information contact admin@foxmortgages.com.au

 

 

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