News

Housing prices increasing at record rates across Australia.

Finally, some great news if you are a landlord (or home owner..) with data from the latest NAB Residential Property Survey and the RP Data Core Logic Indices showing housing values continued to rise in January across the country.   Adelaide performed well with annual dwelling prices to the 31st January increasing by 6.5%, outperforming Brisbane at 4.0%, Sydney 2.0% and Perth 3.4%.  Canberra and Darwin tipped the scales with 8.5% & 11.4% respectively.

Further increases in value are predicted in 2021 by 8.9% and 7.4% in 2022.  For a house valued at $400k that's a whopping increase of $67k.

Interestingly local agents to Trove are reporting even greater increases than the reported Adelaide average as buyers outbid one another in an effort to secure better housing affordability, lifestyle upgrade and lower density housing.  A new found popularity in remote working arrangements is also driving sales.  

Low interest rates, and the prospect of easing bank regulations will keep demand high with more first home buyers and investors able to access finance.

These increases are great news for home owners and investors already in the market - increasing their equity and asset performance.

To read the full report from Core Logic, click here

To read the full report from NAB, click here