For those interested in the Australian residential property market, below are a collection of figures illustrating long-term trends. Housing prices and land values are compared to a basket of fundamental metrics. Australians are fortunate because much data on real estate and financial markets are publicly available, going into depth not seen in other countries.
Brisbane was the top performing mainland property market over January with property values up 2% to a median of $432,250, according to RP Data-Rismark.
The forecast is for clear skies in many parts of the Australian residential land market – but if you’re in Melbourne or Adelaide, don’t pack a picnic just yet.
The confidence level amongst Australian consumers (as measured by the Westpac-Melbourne Institute Consumer Sentiment Index) has been on an upwards trend since April this year, and over November the Index recorded a sharp rise to reach the highest level since April 2011. An easy way to interpret the index is when the reading is over 100, optimists are outweighing pessimists and when the index is lower than 100 pessimists are outweighing optimists. In November 2012, the Consumer Sentiment Index was showing a value of 104.3.
This is the first in a series about the current state of play in each of our eight capital cities. Today we feature Sydney and Melbourne; in early December we will cover Brisbane and Adelaide, with the other four to follow soon after.
Property prices in Sydney inched up slightly last month, the fifth such monthly increase this year. Combined house and unit prices in Australia’s most expensive city rose 0.1 per cent last month, taking the increase over the quarter to 2.4 per cent, figures from RP Data-Rismark August Hedonic Daily Home Value Index show.
Which Australian property market is expected to see an average capital growth rate of 7.39% per annum over the next eight years? And which market is only being tipped to grow by a paltry 0.46% each year? Read on for the results. You may well be surprised.
New mortgage enquiry data suggests that the property markets are about to turn in some parts of the country. But which states are ahead of the pack? Read on to find out.
As further signs of weakness emerged in the US housing market following the release of the latest the S&P/Case-Shiller index, RP Data boss Graham Mirabito has stressed there are few points of similarity between the Australian housing market and the US housing market.
Our housing markets ended 2011 in a better position to where they started and I am confident that the year ahead will be better for residential property owners compared to last year. Most owners should see their assets hold value or increase and this year could in fact be a good time for investor activity provided the world economy doesn’t move into severe recession as a consequence of the problems in Europe.
Meet Justin |
 Justin Wood is the director of Property Toolbox Australia, a successful investor and a leading expert in wealth creation through property, businesses and commodities. |
Meet Lillian |
 Lillian is a successful property investor and business owner with over 7 years experience in the banking and finance industry. |
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