Our Finance Partner, Smartline Bella Vista, recently sent us the March 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:
Sydney
Median Prices
- Median Dwelling Price – $795,000
- Median House Price – $895,000
- Median Unit Price – $685,000
Rental Rates and Yields
Weekly rent:
- Houses – $618
- Units – $551
Gross Rental Yield:
- Houses – 2.8%
- Units – 3.8%
Melbourne
Median Prices
- Median Dwelling Price – $610,000
- Median House Price – $680,000
- Median Unit Price – $480,000
Rental Rates and Yields
Weekly rent;
- Houses – $473
- Units – $417
Gross Rental Yield;
- Houses – 2.7%
- Units – 4.0%
Brisbane
Median Prices
- Median Dwelling Price – $485,000
- Median House Price – $520,000
- Median Unit Price – $386,000
- Rental Rates and Yields
Weekly rent;
- Houses – $434
- Units – $397
Gross Rental Yield;
- Houses – 4.1%
- Units – 5.2%
Adelaide
Median Prices
- Median Dwelling Price – $435,000
- Median House Price – $455,000
- Median Unit Price – $356,000
- Rental Rates and Yields
Weekly rent;
- Houses – $373
- Units – $315
Gross Rental Yield;
- Houses – 4.0%
- Units – 4.7%
Perth
Median Prices
- Median Dwelling Price – $477,000
- Median House Price – $500,000
- Median Unit Price – $400,000
- Rental Rates and Yields
Weekly rent;
- Houses – $407
- Units – $367
Gross Rental Yield;
- Houses – 3.6%
- Units – 4.0%
Hobart
Median Prices
- Median Dwelling Price – $374,000
- Median House Price – $383,000
- Median Unit Price – $312,000
- Rental Rates and Yields
Weekly rent;
- Houses – $365
- Units – $349
Gross Rental Yield;
- Houses – 5.0%
- Units – 5.8%
Darwin
Median Prices
- Median Dwelling Price – $499,500
- Median House Price – $530,000
- Median Unit Price – $402,500
- Rental Rates and Yields
Weekly rent ;
- Houses – $486
- Units – $322
Gross Rental Yield;
- Houses – 5.0%
- Units – 3.4%
Canberra
Change in Dwelling Values
- 3 months – 3.3%
- 12 months – 10.4%
- Average annual growth over past decade – 4.2%
Median Prices
- Median Dwelling Price – $575,500
- Median House Price – $635,000
- Median Unit Price – $405,000
- Rental Rates and Yields
Weekly rent;
- Houses – $544
- Units – $422
Gross Rental Yield;
- Houses – 4.1%
- Units – 5.1%