Outlook for 2015-16 financial year
So where have we been?
- Over the first 11 months of the 2014-15 financial year, combined capital city home values have risen by 7.5% according to the CoreLogic RP Data Home Value Index. The Index is weighted based on the number of dwellings in each city and looking more closely at the results only Sydney and Melbourne have recorded value rises of more than 4.5% while values are lower in Perth and Hobart. Sydney has been the powerhouse of growth over the current phase, trailed by Melbourne. Meanwhile, the remaining capital cities have recorded very little capital growth despite the very accommodative monetary policy settings. Unsurprisingly, Sydney and Melbourne are also seeing relatively stronger economic conditions and are benefitting from both interstate and overseas migration, as well as the highest levels of interest from offshore investment.
- Over the past year we have…
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