The cost of Sydney housing relative to other capital cities is widening and the cost of buying a house as opposed to a unit is increasing as a record number of units commence construction.
Over the five years to December 2004, combined capital city home values increased by a total of 77.0% compared to total growth of just 19.7% over the most recent five years highlighting lower overall capital growth conditions recently.
A quarterly assessment of realised gross profit and loss based on dwelling re-sales over the September Quarter of 2014
Over the 2014 calendar year, advertised rental rates on a national basis increased by 2.6% for both houses and units.
As always, there were certain areas across the country that have outperformed others. The report includes top performing suburbs nationally and across the capital cities over the 12 months to September 2014.
The CoreLogic RP Data Quarterly Review comprises a thorough breakdown of the activity across each of the capital cities over October 2014 quarter and also dives into the economic factors that contribute to the overall performance of the market.
Both the number and proportion of first home buyers have reached record lows across the Australian housing market in August.
Based on data from the Reserve Bank, the ratio of household debt to disposable income and housing debt to disposable income has increased over the June 2014 quarter with housing debt now at a record high level.
This popular report provides a quarterly assessment of realised gross profit and losses based on dwelling re-sales over the June quarter of 2014.
The housing market is potentially moving through its peak with homes taking a bit longer to sell and vendors discounting their initial listing prices by a greater margin in order to sell a property.
The Australian Bureau of Statistics (ABS) released its quarterly employment data which shows the slowdown in mining employment but a large ramp-up in real estate employment.
Lower income earner’s hopes of owning a home have faded over the past two years due to the high rate of capital gain, so what can be done?