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.
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