Mapping the property market | May 2017

Want a pictorial view of what’s happening in our property markets around Australia? 

Well these maps from Corelogic’s Mapping the Market Report will give you a good idea of what’s going on.

Statistics at a national or broad regional area only tell you part of the story.

While these statistics may show values or rents rising or falling, the market performance can be dramatically different across individual regions and suburbs across a capital city and this series of thematic maps highlighting various statistics for houses and units around Australia

Sydney

In March 2017, 54.3% of suburbs had a median house value of at least $1 million compared to 20.3% five years earlier.

Only 4.9% of suburbs currently have a median unit value of less than $400,000 compared to 37.6% five years ago.

Melbourne

32.6% of suburbs had a median house value of less than $600,000 in March 2017 compared to 59.8% in March 2012.

27.8% of suburbs have a median unit value of less than $400,000 currently compared to 50.3% five years ago.

Brisbane

Only 4.9% of Brisbane suburbs currently have a median house value of at least $1 million compared to 2.8% five years ago.

Five years ago, 80.3% of suburbs had a median unit value of less than $400,000 compared to 62.1% currently.

Adelaide

27.1% of suburbs have a median house value of less than $400,000 compared to 40.5% five years ago.

In March 2012, 96.2% of suburbs had a median unit value of less than $400,000 compared to 87.1% currently.

Perth

Five years ago, 8.3% of suburbs had a median house value of at least $1 million and that has increased to 12.2% currently.

48.0% of suburbs have a median unit value of less than $400,000 currently compared to 56.0% five years ago.

Hobart

8.5% of suburbs have a median house value of more than $600,000 currently compared to 4.3% five years ago.

Five years ago, 92.7% of suburbs had a median unit value of less than $400,000 compared to 88.4% currently.

Darwin

Five years ago 5.9% of suburbs had a median house value of at least $1 million and the figure has fallen to 3.8% currently.

96.9% of suburbs have a median unit value of less than $600,000 currently compared to 96.8% five years ago.

Canberra

14.1% of suburbs currently have a median house value of more than $1 million compared to 8.6% five years ago.

The proportion of suburbs with a median unit value of less than $400,000 has increased from 40.9% five years ago to 46.3% currently.

Source: issuu.com

from Property UpdateProperty Update http://propertyupdate.com.au/mapping-the-property-market-may-2017/