March 2017 Housing Market Update

March 2017 Housing Market Update

Our Finance Partner, Smartline Bella Vista, recently sent us the March 2017 Housing Market Update across the Capital Cities.

In this report, CoreLogic Research Director Tim Lawless presents for Smartline this latest Housing and Economic Data.

Watch the video or read some of the key statistics below:

Sydney

Median Prices

• Median Dwelling Price – $795,000
• Median House Price – $895,000
• Median Unit Price – $685,000

Rental Rates and Yields

Weekly rent:

• Houses – $618
• Units – $551

Gross Rental Yield:

• Houses – 2.8%
• Units – 3.8%

Melbourne

Median Prices

• Median Dwelling Price – $610,000
• Median House Price – $680,000
• Median Unit Price – $480,000

Rental Rates and Yields

Weekly rent;

• Houses – $473
• Units – $417

Gross Rental Yield;

• Houses – 2.7%
• Units – 4.0%

Brisbane

Median Prices

• Median Dwelling Price – $485,000
• Median House Price – $520,000
• Median Unit Price – $386,000
• Rental Rates and Yields

Weekly rent;

• Houses – $434
• Units – $397

Gross Rental Yield;

• Houses – 4.1%
• Units – 5.2%

Adelaide

Median Prices

• Median Dwelling Price – $435,000
• Median House Price – $455,000
• Median Unit Price – $356,000
• Rental Rates and Yields

Weekly rent;

• Houses – $373
• Units – $315

Gross Rental Yield;

• Houses – 4.0%
• Units – 4.7%

Perth

Median Prices

• Median Dwelling Price – $477,000
• Median House Price – $500,000
• Median Unit Price – $400,000
• Rental Rates and Yields

Weekly rent;

• Houses – $407
• Units – $367

Gross Rental Yield;

• Houses – 3.6%
• Units – 4.0%

Hobart

Median Prices

• Median Dwelling Price – $374,000
• Median House Price – $383,000
• Median Unit Price – $312,000
• Rental Rates and Yields

Weekly rent;

• Houses – $365
• Units – $349

Gross Rental Yield;

• Houses – 5.0%
• Units – 5.8%

Darwin

Median Prices

• Median Dwelling Price – $499,500
• Median House Price – $530,000
• Median Unit Price – $402,500
• Rental Rates and Yields

Weekly rent ;

• Houses – $486
• Units – $322

Gross Rental Yield;

• Houses – 5.0%
• Units – 3.4%

Canberra

Change in Dwelling Values

• 3 months – 3.3%
• 12 months – 10.4%
• Average annual growth over past decade – 4.2%

Median Prices

• Median Dwelling Price – $575,500
• Median House Price – $635,000
• Median Unit Price – $405,000
• Rental Rates and Yields

Weekly rent;

• Houses – $544
• Units – $422

Gross Rental Yield;

• Houses – 4.1%
• Units – 5.1%