Sydney has recorded the greatest increase in home values
across all capital cities over the past year. According to the
CoreLogic RP Data Home Value Index, Sydney home values
have increased by 14.5% over the twelve months ending
April 2015. Sydney house values have increased by a much
greater amount over the year (15.5%) compared to units
(9.7%). Sydney has also seen the greatest rise in home
values over the current growth phase, up 40.2% since
values started rising in June 2012.
It is also noticeable that most of the coastal markets have showed
fairly strong levels of capital growth, albeit not as strong
as the growth in Sydney. The Hunter and Illawarra regions
which are adjacent to Sydney have recorded fairly strong
growth however, they remain much more affordable than
the Sydney market. Markets located away from the coast
have tended to record much softer capital growth conditions
over the year.
Sydney has recorded the greatest increase in home values
across all capital cities over the past year at 14.5%
Annual change in Sydney and regional NSW home values*
For a copy of the Australian Housing Report please contact info@percentagefinance.com
Source: CoreLogic RP Data