Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

National property values stagnate

Staff Reporter 1 minute read

April property figures from RP Data have confirmed the nation’s property markets are softening.

According to company's end of month index released May 30, property values have dropped by 0.03 per cent since the beginning of the year. The median value of an Australian dwelling is now $461,384.

While there were gains in some capital city markets, Sydney’s growth had flattened right across the board; Perth was the only capital city market to experience a decline (1.33 per cent) over the 12 months to April.

Tim Lawless, RP Data research director was confident in the outlook for property and said the supply-side imbalance in national housing markets would ensure property values would continue to rise over the long-term.

Published: 03-07-08

Advertisement
Advertisement
National property values stagnate
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
mortgage choice 850 Major brokerage appoints new GM of distribution

Mortgage Choice has announced that Citi’s former head of bankin...

ANZ new still ta ANZ extends business loan terms

The major bank has announced that it will extend the maximum loan...

cash money rolls Credit growth stunted by dive in business lending

Credit growth has waned as a result of a sharp drop-off in busine...

FROM THE WEB