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