2019 Best of the Best Report
The Best of the Best report takes a deep dive into a variety of measures used by CoreLogic to determine property market performance across the year, ranging from capital growth to rental yields. All data highlighted is current to November 2019. (Total value of sales to September 2019)
What's included in this report?
The Best of the Best 2019 highlights the top 10 regions (house & unit) nationally & across each of the capital cities based on the below criteria:
Based on the middle value of all automated valuations across the suburb as at November 2019.
Based on the median across all rental advertisements over the 12 months to November 2019.
12-month change The percentage difference between the hedonic home value index in the same period compared to 12 months ago.
The percentage difference between the hedonic home value index in the same period compared to 5 years ago annualised. SA2- (Statistical Area Level 2) Regions
Calculated across those properties advertised for rent. The annualised rental listing is divided by the valuation estimate to derive a gross yield for individual properties. The displayed gross yield is the median across the region over the period.
The total value of all property transactions recorded over the 12 months to September 2019.
What's the outlook for 2020?
“At the end of an action-packed and turbulent year featuring a federal election, Royal Banking Commission, improved credit access and record low interest rates, 2019 draws to a close with Australia’s property market now full steam ahead towards recovery.”
“2019 will go down as the year when new records were set. For 2020, we’re likely to see markets in recovery mode as housing prices catch up and then overtake their previous record highs, however we expect the rapid rate of capital gains seen over the second half of 2019 to lose steam as stock levels rise and affordability deteriorates.”