Category Archives: Mortgages

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Interest rates, Mortgages, Real Estate Brand, Real Estate Business, Real Estate Franchise

Growth In Real Estate Varied Significantly Across Australia 2014

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What is the real growth in real estate? These days it appears that it’s impossible to paint a broad picture about Australia’s real estate market.

Marked difference for growth in real estate proves that each city appears to march to a very different drum, with figures for 2014 highlighting this discrepancy in the nationwide property landscape.

CoreLogic for 2014 show the difference in final quarter growth and year-on-year growth for 2014. While all cities experienced overall growth last year, not all of it was significant. It appears that Sydney has been growing at twice the pace of the rest of Australia, with Melbourne a not-so-close second in term of annual growth. Brisbane, missing in action for two years, found a late burst in 2014 while Perth, which rivaled Sydney and Melbourne in the growth stakes in 2013, slowed down markedly, recording the lowest capital growth of any city.

House price growth 2014:

House Prices Australia 2014

 RP Data CoreLogic House Growth November 2014 

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Interest rates, Mortgages, Property Business Network, Property finance, Real Estate Business, Real Estate Franchise

Real Estate Transactions Are 9.8% Higher Than A Year Ago

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Real estate transactions are up as Australians have proven their preference for bricks and mortar as a sound investment, pouring their money into the property market and lifting its value to a staggering $5.6 trillion.

This is in direct comparison to superannuation funds which are worth about $1.8 trillion and our share market which is worth about $1.6 trillion.

New figures from RP Data reveal buyer demand for property has levelled out, but property purchasing is still at a high. Transaction levels are 9.8 per cent higher than a year ago with 351,738 houses and 140,277 units bought in the year to July.

The latest market report identified Darwin as having the property market with the highest long-term capital gain of any capital city. Its median house price rose by 8.2 per cent per year for the past ten years while its unit values went up by 8.3 per cent.

Sydney still had the highest capital gains in the past year with dwelling values up by a hard-to-beat 14.3 per cent. Sydney’s median house price was also the highest in the country at $750,000.