Property-outlook-header-thumbnailAustralia is commonly touted as the land of opportunity, where the dream of home ownership is within reach for many. In recent times the dream has evolved, providing not only the basis for home ownership but for investment, and growing personal wealth.

In fact, figures show Australian residential property values increased by 9.0 per cent in the 12 months to June this year, boasting an average annual growth of 7.0 per cent per annum over the last decade. In average terms this means annual growth of more than $50,000 in the last 12 months, and growth of more than $309,000 over the past 10 years for property owners whose property is on par with Australia’s median house price growth trend.

But, despite positive performance overall Australia’s housing market is diverse to say the least. For performance analysis to be accurate it’s prudent to segment the market into its many parts.

Accordingly, please enjoy the latest capital city round up from WBP’s valuers and advisers across the country.

Feature Melb 151009    

Melbourne
Residential property update

Melbourne has made international headlines in 2015. It was crowned world’s most liveable city yet again, but it’s also drawing attention because of its property markets. The city has seen a sharp upward trend in residential... Read more

     
Feature Regional 151009  

Regional Victoria
Residential property update

Property in regional Victoria has experience mixed results. Overall, house prices in major regional and coastal cities such as Geelong, Bendigo, Ballart and South Gippsland have remained stable, demonstrating moderate growth during the last 12 months... Read more

     
Feature Commercial 151009  

Melbourne
Commercial property update

The various subsectors of the commercial property market are each subject to unique drivers and cycles. Below we take a look at each sector of Melbourne’s commercial property market and how it’s performing in 2015... Read more

     
Feature Sydney 151009  

Sydney
Residential property update

As spring emerges Sydney can reflect upon a year of consistently strong price growth. According to statistics provided by researcher Core Logic, the Sydney median house price in September was $900,000, with a median unit price of $670,000. Read more

     
Feature Adelaide 151009  

Adelaide
Residential property update

Property prices in Adelaide have noticeably strengthened in most areas of the market during 2015. According RP Data, dwelling values increased by 4.5% over the 2014/15 financial year, with 1.8% of this growth occurring during the June quarter... Read more

   
Feature Perth 151009  

Perth
Residential property update

Perth’s economy has contracted in 2015 leading to a softening in local property values. As prices deteriorate, so too do rents and subsequently yields. Holiday homes, development sites, and established units are among the worst affected... Read more

   

 

Feature Queensland 151009  

South east Queensland
Residential property update

The RBA made further cuts to interest rates this year, with the cash rate falling 50 basis points to 2.0%. The rate reductions have acted as expected to stimulate economic activity, particularly the real estate sector... Read more

   

 

Feature Newcastle 151009  

Newcastle, NSW
Residential property update

The Newcastle property market continues its steady growth trend as the final quarter for 2015 commences. Research reveals the median house price in Newcastle has grown faster than every Australian capital city over the past five years... Read more

 


Like investors, homebuyers should invest in professional, independent and customised advice, if required, to assist with their home purchase.