AUSTRALIAN CAPITAL CITIES AT A GLANCE FOR THE PAST QUARTER OF 2015

I have confined this November commentary to a short piece about our industry; primarily because many of you attended the “STATE OF THE NATION ANNUAL SUMMIT 2015” and heard first-hand much of what I am writing about.

But I will provide a few growth statistics that have just been released, including for the quarter ending 31st October 2015.

Highlights:

. Dwelling values across Australia grew by 0.9% for the month of October 2015; with a quarterly average growth of 4%; led by Melbourne and Sydney.

. Best performing Capital City was Melbourne at 4%.

. Weakest was Hobart at – 0.2%.

. Average gross rental yields across Australian Capital Cities, for the quarter ending was 3.2%. Lowest was Sydney at 2.9%

. Most expensive house price city was Sydney with a median price of $785,500.

. Detached house prices grew 11.6% for the year to-date, outstripping apartments at 7.3%

AUSTRALIAN CAPITAL CITIES AT A GLANCE FOR THE PAST QUARTER OF 2015

Capital City Median Rent ($) Median Price ($) Vacancy Rate (%)
Perth 450 -6.3% 550 +2.8% 3.8 +2.8%
Melbourne 395 +2.3% 567 +4.2% 2.1 -1.4%
Sydney 525 +1.9% 785 +7.4% 2.8 +0.2%
Adelaide 380 +2.9% 420 +2.3% 2.9 +0.9%
Brisbane 410 +1.7% 480 +3.2% 2.9 +0.3%

Wishing Great Success to our Property Investor Members

Bill (Meehan)

Managing Director

AUSTRALIAN CAPITAL CITIES AT A GLANCE FOR THE PAST QUARTER OF 2015 News Updates