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Essential Workforce Hit by Rental Affordability Crisis theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
It's Cheaper to Buy Than to Rent for Over a Third of Australian Properties theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
Jarrod Reedie CoreLogic’s Hedonic Home Value Index for the month of June has revealed a rise in house prices to the tune of 13.5 percent in the 12 months to June 30, as the Australian Institute of Health and Welfare reveals the proportion of social housing households has fallen from 4.6 to 4.2 percent between 2014 and 2020. Both statistics underline the dire situation home buyers find themselves entrenched within, with the median house price in Sydney now sitting at $994,298, more than eleven times the median income of a worker, after a 15 percent growth in house prices in the harbour city. Across the country, there were substantial increases in house prices in every capital city. Melbourne saw a 7.7 percent increase, a 13.3 percent rise in Brisbane and a 19.6 percent jump in Hobart. Darwin recorded the highest rise of any capital city, with a staggering 21 percent increase in house values for the 2020/21 financial year. ....
Australian Housing Market Continues Upward Surge but Is Showing Signs of Slowing Property researcher CoreLogic has found Australia’s residential home market has grown at the highest annual rate in 17 years, leaving dwelling values 13.5 percent higher than the end of the previous financial year. “This is the highest annual rate of growth seen across the Australian residential property market since April 2004, when the early 2000’s housing boom was winding down after a period of exceptional growth,” CoreLogic Head of Research Eliza Owens said on July 1. The growth was led by houses, which rose 15.6 percent over the year compared to a 6.8 percent growth in units. ....
Australia s national dwelling value increases 13.5 per cent in 12 months CoreLogic s monthly Home Value Index rose again last month, taking annual growth to 13.5 per cent for the financial year. Zoe ZaczekDigital Reporter July 2, 2021 - 2:30PM Australia’s property value has continued to soar over the last 12 months with the annual national dwelling value growing by 13.5 per cent. CoreLogic’s Home Value Index, released on Thursday, revealed the nation saw out the end of the financial year with a median of $645,454 following a 1.9 per cent rise in national home values in June. Over the last 12 months, the growth in Australian dwelling values was topped by houses which rose by 15.6 per cent. There was a 6.8 per cent annual lift in the value of units. ....