Our Finance Partner, Smartline Bella Vista, recently sent us the July 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:

Housing Market Update Key Statistics

SYDNEY

• Dwelling values in Sydney have risen 12.2% over the last 12 months
• The gross rental yield for houses is 2.8% and 3.7% for units in Sydney
• Median house price in Sydney sits at $1,050,000 for houses and $750,900 for units over the last 12 months
• A property spent an average of 32 days on the market in 2017 compared to 42 days on the market in 2016, a decrease of 10 days

MELBOURNE

• Dwelling values in Melbourne have risen 13.7% over the last 12 months
• The gross rental yield for houses is 2.6% and 4.2% for units in Melbourne
• Median house price in Melbourne sits at $755,000 for houses and $542,800 for units over the last 12 months
• A property spent an average of 31 days on the market in 2017 compared to 33 days on the market in 2016, a decrease of 2 days

BRISBANE

• Dwelling values in Brisbane have risen 2.0% over the last 12 months
• The gross rental yield for houses is 4.1% and 5.2% for units in Brisbane
• Median house price in Brisbane sits at $530,000 for houses and $391,000 for units over the last 12 months
• A property spent an average of 61 days on the market in 2017 compared to 49 days on the market in 2016, an increase of 12 days

ADELAIDE

• Dwelling values in Adelaide have risen 2.4% over the last 12 months
• The gross rental yield for houses is 4.0% and 4.8% for units in Adelaide
• Median house price in Adelaide sits at $465,000 for houses and $380,000 for units over the last 12 months
• A property spent an average of 44 days on the market in 2017 compared to 52 days on the market in 2016, a decrease of 8 days

PERTH

• Dwelling values in Perth have fallen -1.7% over the last 12 months
• The gross rental yield for houses is 3.6% and 4.1% for units in Perth
• Median house price in Perth sits at $500,000 for houses and $400,000 for units over the last 12 months
• A property spent an average of 76 days on the market in 2017 compared to 67 days on the market in 2016, an increase of 9 days

HOBART

• Dwelling values in Hobart have risen 6.8% over the last 12 months
• The gross rental yield for houses is 5.1% and 5.7% for units in Hobart
• Median house price in Hobart sits at $375,000 for houses and $313,800 for units over the last 12 months
• A property spent an average of 38 days on the market in 2017 compared to 67 days on the market in 2016, a decrease of 29 days

DARWIN

• Dwelling values in Darwin have fallen -7.0% over the last 12 months
• The gross rental yield for houses is 5.1% and 3.9% for units in Darwin
• Median house price in Darwin sits at $50,000 for houses and $440,000 for units over the last 12 months
• A property spent an average of 63 days on the market in 2017 compared to 82 days on the market in 2016, a decrease of 19 days

CANBERRA

• Dwelling values in Canberra have risen 9.6% over the last 12 months
• The gross rental yield for houses is 4.1% and 5.1% for units in Canberra
• Median house price in Canberra sits at $693,000 for houses and $439,500 for units over the last 12 months
• A property spent an average of 40 days on the market in 2017 compared to 50 days on the market in 2016, a decrease of 10 days

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