– Home values rose by 1.4% in March, increasing in all cities except Brisbane and remaining unchanged in Adelaide
– Home values have increased by 3.0% over the first quarter of 2015 however, Sydney, Melbourne, Hobart, Darwin and Canberra are the only cities in which values have increased
– The value growth performance has been extremely varied over the past year.
Depending on where you live or your investment properties lie you may have experienced a nice jump in value last month, according to Corelogic RP Data’s statistics for the month. It’s no huge surprise the increase in Sydney city was the largest around the country heating up by a solid 3 per cent (in just one month!).
While the figures show a 0.3 per cent dip in the ‘Brisbane’ market it’s important to take into consideration what’s behind the drop in value. Corelogic RP Data’s analyst Cameron Kusher told News Limited regional areas surrounding Brisbane, such as Ipswich and Logan were to blame for dragging it overall average down and said there is definitely more demand for homes and greater levels of selling activity but that is mostly areas close to Brisbane.
Mr Kusher also mentioned greater job prospects and higher rates of immigration were helping with house values rising in cities such as Melbourne and Sydney. But further told News Limited as Sydney housing prices continue to grow people will look at Brisbane to invest due to lower housing prices.
JDL Strategies helps clients develop strong wealth creation strategies. One of our biggest strategies involves starting a property portfolio to leverage wealth. We always help our clients invest in areas which have a strong demand for housing. To learn how to grow your wealth why not come along to one of our property events? Here’s a complimentary ticket for you.
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