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Capital city home values rise by 7.9% in 2014
December Home Value Indices Release
National
Media Release
CoreLogic RP Data December 2014
Hedonic Home Value Index Results
Capital city home values rise by 7.9% in 2014
The December 2014 results of the CoreLogic RP Data Home Value Index saw combined capital city home values rise by 0.9% over the month to take the annual increase to 7.9%.
The CoreLogic RP Data Home Value Index showed that dwelling values across the combined capital cities increased by 0.9 per cent in December 2014. Throughout the month home values rose in all cities except for Darwin (-0.6%) and Canberra (-0.6%) while values were unchanged in Sydney.
Highlights over the
three months to December 2014
• Best performing
capital city: Perth +2.8 per cent
• Weakest
performing capital city: Canberra -3.4 per
cent
• Highest rental yields: Darwin houses
with gross rental yield of 5.9 per cent and Darwin
Units at 5.8 per cent
• Lowest rental yields:
Melbourne houses with gross rental yield of 3.3 per cent
and Melbourne unitsat 4.2 per cent
• Most
expensive city: Sydney with a median dwelling price of
$730,500
• Most affordable city: Hobart with a
median dwelling price of
$341,500
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