Dwelling values continued their upwards trend, with the RP Data–Rismark combined capital city index posting a 1.2% capital gain in January.
According to Australia’s most timely indicator of housing market conditions, the RP Data-Rismark Home Value Index, a 1.2 per cent rise in capital city dwelling values was recorded over the month of January with a 2.7 per cent rise for the three months to end of January.
Highlights over the three months to January 2014:
- Best performing capital city: Hobart, 5.8 per cent
- Weakest performing capital city: Darwin, 0.8 per cent
- Highest rental yields: Darwin houses with gross rental yield of 6.2 per cent and Darwin units at 6.0 per cent
- Lowest rental yields: Melbourne houses with gross rental yield of 3.3 per cent and Melbourne units at 4.2 per cent
- Most expensive city: Sydney with a median dwelling price of $660,000
- Most affordable city: Hobart with a median dwelling price of $340,000
Full report is here: rpdata-rismark home value report