Capital city rental rates have increased by just 0.3% over the past year which is their slowest annual rate of growth on record With record low rental growth and strong value growth rental yields have also fallen and sit at 3.5%

Home values were unchanged in December and fell over the final quarter of 2015 COURTESY OF YOUR ONE STOP PROPERTY MANAGEMENT AND INVESTMENT PROPERTY SALE SPECIALIST

  • Combined capital city home values were unchanged in December with values rising in Melbourne, Brisbane, Perth and Hobart, they were unchanged in Darwin and fell elsewhere
  • Home values were -1.4% lower over the three months to December with only Brisbane and Adelaide recording increases
  • Over the past 12 months, combined capital city home values have increased by 7.8% however, only Sydney (11.5%) and Melbourne (11.2%) have recorded significant growth with moderate increases in Brisbane and Canberra (both 4.1%) and values declining in Adelaide (-0.1%), Perth (-3.7%), Hobart (-0.7%) and Darwin (-3.6%)

 

House sales have levelled while unit transactions are trending lower

  • Over the 12 months to October 2015 there were 362,320 houses and 139,624 units sold nationally
  • House sales are 3.5% higher over the year while unit sales are -6.7% lower
  • It is important to note, the large volume of off-the-plan sales currently means there is a high likelihood unit sales volumes will be revised higher over the coming years

 

Rental rates continue to increase at their slowest annual pace on record

  • Capital city rental rates have increased by just 0.3% over the past year which is their slowest annual rate of growth on record
  • With record low rental growth and strong value growth rental yields have also fallen and sit at 3.5%

 

Homes continue to sell withdiscounts however, auction clearance rates have eased

  • The typical capital city home is currently selling after 37 days on the market compared to 35 days a year ago
  • The average level of discount is recorded at -5.8% compared to -5.6% a year ago
  • Auction clearance rates are trending lower at around 50/60% at the end of last year.

 

New and total listings are in the middle of their seasonal decline

  • Over the past 28 days there were 20,740 new homes listed for sale which is -7.7% lower than a year ago
  • Over the same timeframe there were 18,780 total homes listed for sale which is -5.5% lower than a year ago

 

Economic data remain mixed

  • New lending to investors has eased sharply over recent months with new lending to owner occupiers now the biggest source of mortgage demand
  • Total housing credit is rising however, investment credit growth continues to slow and remains below APRAs 10% threshold for annual growth
  • The rate of population growth at a national level has continued to slow
  • Dwelling approvals remain very high although they are slightly below their record high. Over the past year there has been more than 234,000 dwelling approvals
  • Consumer sentiment eased slightly in December however, respondents remained slightly more optimistic than pessimistic
  • The unemployment rate eased to 5.8% in November which was its lowest level in two years
  • Official interest rates remained on hold in December and January with the market anticipating no move in official interest rates over the next 18 months

SOURCE RPDATA

About ljgrealestate 据联大

Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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