Free Newslink Signup
Don't miss out on Australia's Top Property Investment news.
Sign up for Hotspotting's FREE newsletters!
By Terry Ryder, 1st February 2012
The decline in prices in Australia’s capital cities has pretty much bottomed, based on data for the December Quarter from various research sources.
The Australian Bureau of Statistics today published its House Price Indexes for the December Quarter, recording a 1% quarterly decline as the weighted average across the eight capital cities.
RP Data figures suggest a 0.5% drop in dwelling values while Australian Property Monitors records no change as its average across the eight state and territory capitals for the December Quarter. These are most positive price outcomes recorded in 2011.
APM found five of the eight cities managed small improvements in median house prices in the December Quarter, while six of the capitals improved with median unit prices.
The ABS figures were a little less optimistic, finding small rises in the house price indexes for three cities, while the other five had declines ranging from 1% to 1.6%.
The overall result for the eight capital cities in 2011 was a 4.8% decrease in house prices, according to the ABS data out today.
APM says the decline was 3.5%. RP Data tends to agree, recording a 3.6% drop in dwelling values across the eight capitals.
NOTE: The price data published by the three sources focuses on capital cities. Numerous regional markets, such as Gladstone in Queensland, Port Hedland in WA and the Hunter region of NSW, had positive growth years in 2011.
ENDS
Each of the reports in the hotspotting.com.au stable of publications contains a Top 10 list of locations tipped to out-perform the general market. These locations are considered to have growth ...
Cheapies with Prospects: National Top 10 It's a common complaint: I want to invest in property …
Infrastructure Hotspots: Educational and Medical Many of the leading growth areas of our major cities have a …
The No-Go Zones (10 Worst Location Choices in Aust.) The hotspotting.com.au website is based on the notion …
Top 10 South Australia Hotspots South Australia is no longer one of the poor relations of …
National Top 10 Ugly Duckling Hotspots The Ugly Duckling suburbs have become the most important …
Select Your Report
Each of the reports in the hotspotting.com.au stable of publications contains a Top 10 list of locations tipped to out-perform the general market. These locations are considered to have growth drivers…
This is a quarterly subscription newsletter which contains all the crucial economic, infrastructure, population and real estate details that underpin the property market.
Central eastern wheatbelt, Western Australia Merredin is a country town where the economy turns on the wheat crop. But things are set to change for Merredin, about three hours north-east of Perth…
It seems wealthy car owners have been updating their rides, and consumer confidence is lifting generally. CommSec’s luxury car sales index shows that after a subdued 2011, 126 new luxury cars we…
So you’d like to invest in property? That’s how everyone makes money, isn’t it? Put your nest egg into bricks and mortar – then watch it grow in value. But who do you turn to f…
The usual drill – three minutes of your time and all with a positive feel. Monday is the day to be down, Saturdays are for looking up. 1. 3 good signs Here are positive signs from out th…
©2012 hotspotting.com.au | Security Statement | Privacy Policy | Disclaimer | Delivery and Refund Policy | Contact
Your Cart