Hotspotting Podcast | Episode 82 - Most Aussies Ahead with Their Home Values

Posted on 25/02/2019  
Hotspotting Podcast | Episode 82 - Most Aussies Ahead with Their Home Values

Apple Podcasts button   Stitcher Radio button

Most property owners in Sydney have made big capital gains, despite recent declines in some (but not all) areas. Because most people live in the same place for lengthy periods they have benefited from the five years of capital gains that preceded the recent (and relatively small) decreases in values.

In particular those who have bought and held over the past two decades remain very big winners.

In the 20 years to January 2019, the Home Value Index shows Melbourne recorded the greatest value gains over the period (275%), followed by Hobart (237%), Canberra (231%), and then Sydney (202%). Darwin had the slowest growth, with gains of 38% and regional NSW had the best regional growth over the past 20 years, up 186%, while regional Victoria values improved 180%.

Most people understand that correction periods always follow prolonged booms. Following the boom from 2001 to 2003, Sydney values decreased in 2004 and 2005 before returning to growth in 2006.  Sydney also had strong growth in 2010, following by some correction in 2011 and early 2012.

In the final analysis, most Aussies own their homes and are ahead.

 

 

« Back