National Australian Property Prices

The September Monthly Housing Chart Pack has been released by Core Logic and is showing the pace of national property value growth continues to ease for the 6th month in a row. Despite the slowdown, the annual rise in values is equivalent to a $53,000 increase in average property values across the country.

1.3% average property price increase over the last 3 months which is a slight decrease from the previous 3 month period which recorded a 2% increase.

7.1% average property price increase over the last 12 months

Capital City Property Prices

5.7% increase Perth

4.0% increase Adelaide

2.9% increase Brisbane

0.8% increase Sydney

-0.2% decrease Canberra

-0.3% decrease Darwin

-0.4% decrease Hobart

-1.2% decrease Melbourne

Housing Sales

40,428 properties were sold nation-wide in August which takes the national annual count to 513,067. These sales are 9.3% above sales volumes seen last year and 5.1% above the previous five-year average.

The average time for a property to sell after been placed on the market was 34 days which is an increase from the previous quarter where average days to sale was 27.  

Rental Market

Annual rental growth continues to ease in August with national rental values up 7.2% which is a reduction from the 8.6% increase the market experienced over the previous 12 months. National gross rent yields remained the same for the past 21 months at 3.7%.

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Click here to download the full September Housing Market report

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