{"id":1262,"date":"2017-05-30T23:47:46","date_gmt":"2017-05-30T13:47:46","guid":{"rendered":"https:\/\/www.mirren.com.au\/?p=1262"},"modified":"2018-03-15T20:39:05","modified_gmt":"2018-03-15T09:39:05","slug":"may-2017-housing-market-update","status":"publish","type":"post","link":"https:\/\/www.mirren.com.au\/may-2017-housing-market-update\/","title":{"rendered":"May 2017 Housing Market Update"},"content":{"rendered":"<p>Our Finance Partner, <a href=\"https:\/\/www.smartline.com.au\/mortgage-broker\/rene-marzinger\/blog\/\" target=\"_blank\" rel=\"noopener\">Smartline Bella Vista<\/a>, recently sent us the May 2017 Housing Market Update across the Capital Cities.<\/p>\n<p>In this report, CoreLogic Research Director Tim Lawless presents for Smartline this latest Housing and Economic Data.<\/p>\n<p>Watch the video or read some of the key statistics below:<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=LG40Be6Rm68&amp;feature=youtu.be\"><img loading=\"lazy\" class=\"aligncenter wp-image-1263 size-full\" src=\"https:\/\/www.mirren.com.au\/wp-content\/uploads\/2018\/02\/may-housing-market-update.png\" alt=\"May Housing Market Update\" width=\"300\" height=\"169\" \/><\/a><\/p>\n<h5>Housing Market Update Key Statistics<\/h5>\n<p><strong>Sydney<\/strong><\/p>\n<ul>\n<li>Dwelling values in Sydney have risen 16% over the last 12 months<\/li>\n<li>The gross rental yield for houses is 2.7% for houses and 3.8% for units in Sydney<\/li>\n<li>Median house prices in Sydney sit at $990,000 for houses and $740,000 for units over the last 12 months<\/li>\n<li>A property spent an average of 29 days on the housing market in 2017 compared to 38 days on the market in 2016, a decrease of 9 days<\/li>\n<\/ul>\n<p><strong>Melbourne<\/strong><\/p>\n<ul>\n<li>Dwelling values in Melbourne have grown 15.3% over the last 12 months<\/li>\n<li>The gross rental yield for houses is 2.6% for houses and 4.1% for units in Melbourne<\/li>\n<li>Median house prices in Melbourne sit at $735,000 for houses and $518,000 for units over the last 12 months<\/li>\n<li>A property spent an average of 29 days on the housing market in 2017 compared to 33 days on the market in 2016, a decrease of 4 days<\/li>\n<\/ul>\n<p><strong>Brisbane<\/strong><\/p>\n<ul>\n<li>Dwelling values in Brisbane have risen 2.1% over the last 12 months<\/li>\n<li>The gross rental yield for houses is 4.0% for houses and 5.3% for units in Brisbane<\/li>\n<li>Median house prices in Brisbane sit at $514,000 for houses and $400,000 for units over the last 12 months<\/li>\n<li>A property spent an average of 53 days on the housing market in 2017 compared to 42 days on the market in 2016, an increase of 11 days<\/li>\n<\/ul>\n<p><strong>Adelaide<\/strong><\/p>\n<ul>\n<li>Dwelling values in Adelaide have risen 2.2% over the last 12 months<\/li>\n<li>The gross rental yield for houses is 3.9% for houses and 4.5% for units in Adelaide<\/li>\n<li>Median house prices in Adelaide sit at $457,800 for houses and $368,000 for units over the last 12 months<\/li>\n<li>A property spent an average of 51 days on the housing market in 2017 compared to 53 days on the market in 2016, a decrease of 2 days<\/li>\n<\/ul>\n<p><strong>Perth<\/strong><\/p>\n<ul>\n<li>Dwelling values in Perth have fallen 6.0% over the last 12 months<\/li>\n<li>The gross rental yield for houses is 3.6% for houses and 4.2% for units in Perth<\/li>\n<li>Median house prices in Perth sit at $489,000 for houses and $410,000 for units over the last 12 months<\/li>\n<li>A property spent an average of 73 days on the housing market in 2017 compared to 56 days on the market in 2016, an increase of 17 days<\/li>\n<\/ul>\n<p><strong>Hobart<\/strong><\/p>\n<ul>\n<li>Dwelling values in Hobart have risen 13.6% over the last 12 months<\/li>\n<li>The gross rental yield for houses is 4.9% for houses and 5.4% for units in Hobart<\/li>\n<li>Median house prices in Hobart sit at $385,000 for houses and $290,000 for units over the last 12 months<\/li>\n<li>A property spent an average of 35 days on the housing market in 2017 compared to 44 days on the market in 2016, a decrease of 9 days<\/li>\n<\/ul>\n<p><strong>Darwin<\/strong><\/p>\n<ul>\n<li>Dwelling values in Darwin have dropped 2.3% over the last 12 months<\/li>\n<li>The gross rental yield for houses is 4.9% for houses and 3.7% for units in Darwin<\/li>\n<li>Median house prices in Darwin sit at $500,000 for houses and $400,000 for units over the last 12 months<\/li>\n<li>A property spent an average of 118 days on the housing market in 2017 compared to 103 days on the market in 2016, an increase of 15 days<\/li>\n<\/ul>\n<p><strong>Canberra<\/strong><\/p>\n<ul>\n<li>Dwelling values in Canberra have risen 8.4% over the last 12 months<\/li>\n<li>The gross rental yield for houses is 4.2% for houses and 5.2% for units in Canberra<\/li>\n<li>Median house prices in Canberra sit at $690,000 for houses and $422,500 for units over the last 12 months<\/li>\n<li>A property spent an average of 35 days on the housing market in 2017 compared to 48 days on the market in 2016, a decrease of 13 days<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Our Finance Partner, Smartline Bella Vista, recently sent us the May 2017 Housing Market Update across the Capital Cities.<br \/>\nIn this report, CoreLogic Research Director Tim Lawless presents for Smartline this latest Housing and Economic Data.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.mirren.com.au\/wp-json\/wp\/v2\/posts\/1262"}],"collection":[{"href":"https:\/\/www.mirren.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mirren.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mirren.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mirren.com.au\/wp-json\/wp\/v2\/comments?post=1262"}],"version-history":[{"count":0,"href":"https:\/\/www.mirren.com.au\/wp-json\/wp\/v2\/posts\/1262\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.mirren.com.au\/wp-json\/wp\/v2\/media?parent=1262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mirren.com.au\/wp-json\/wp\/v2\/categories?post=1262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mirren.com.au\/wp-json\/wp\/v2\/tags?post=1262"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.mirren.com.au\/wp-json\/wp\/v2\/yst_prominent_words?post=1262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}