Core Logic – Monthly Housing and Economic Update Sept 16
The monthly update on the state of the national housing market has just been released. The key findings can be summarised as
- Residential real estate underpins Australia’s wealth and has reached $6.7 trillion
- The annual rate of capital gain has slowed from its peak but remains quite strong
- Values continue to fall in Perth and Darwin on an annual basis whilst rising across the remaining capital cities
- Turnover: capital city transaction numbers have continued to trend lower
- The decline in capital city rents continues with asking rents down 0.5% over the past 12 months
- Lending to owner occupiers and investors has started to pick-up again
To read the full report click here