Property Investment Round-Up

• National dwelling values declined by 1 per cent over the first month of the year, taking the cumulative decline in national dwelling values to 6.1 per cent since the market peaked in October 2017 –CoreLogic

 • The national index has fallen over 13 of the past 15 months and national dwelling values are now back to levels last seen in October 2016- CoreLogic Home Value Index

• Sydney dwelling values were down 4.5 per cent and Melbourne values were 4.0 per cent lower to January 2019.- CoreLogic

• The latest results take Sydney dwelling values back to levels last seen roughly two and half years ago. In Melbourne, where the market peaked four months later than Sydney, dwelling values are back to January 2017 levels- CoreLogic

• The combined regional index was down 0.6 per cent over the three months ending January while the combined capitals index was down 3.3 per cent over the same period. Three of the seven broad ‘rest-of-state’ regions recorded a decline in values over the past three months. Regional NSW values were 1.3 per cent lower, while regional Queensland values were 0.3 per cent lower and regional WA values were down 0.8 per cent- CoreLogic

• The national gross rental yield is 4.01 per cent, however it remains below the decade average of 4.29 per cent- CoreLogic January Home Value Index

• Gross yields across the combined capitals reached an all-time low of 3.39 per cent in August 2017 and have since improved to reach 3.75 per cent against a decade average of 4.06 per cent-CoreLogic

Marlene Liontis
Saturday, 16 February 2019

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