If you look towards the two other cities – Adelaide (0.7%) and Darwin (0.3%) – these are recorded as in terms of the growth in the home values, while the beautiful city Melbourne and Brisbane were totally flat during the cool and hot month of August. Australia’s other capital cities have also recorded a month-on-month fall up to 1.7%.
The CoreLogic RP Data Home August Value Index has showed more and more encouraging growth the rates for the rolling quarters.
The CoreLogic RP Data head of research, Mr. Tim Lawless said, “the quarterly figures show how strong the housing market has been in the past three months, with a growth rate of 5.3% across Australia’s combined capital cities.”
“Both cities (Sydney and Melbourne) have seen dwelling values trend substantially higher than other capitals, where the third highest growth rate over the three month period was Brisbane, which showed an increase in values of 2.2%,” Lawless said.
“While the three largest capital cities, together with Hobart, have all recorded growth in dwelling values over the past three months, half the nation’s capital cities have recorded a fall in values.
“Darwin recorded the most substantial decline in values with a fall of 3.2% over the three month period, while Perth values were down by 1.5 per cent, Canberra values were 0.8% lower and Adelaide values are slightly lower, at 0.1%.”
So, you all can see in the better way which city option is good for you as the data has revealed many things.