The July 2017 CoreLogic Home Value Index results recorded a 1.5% rise in dwelling values across the combined capital cities for the month.
Adelaide’s housing market has continued to trend steadily higher with twenty values 1.1% higher over the month to be 2.5% over the year to date.
Dwelling values are rising only slightly faster than inflation and wages which is provided for very affordable home prices but not a great deal of wealth creation compared with markets like Sydney and Melbourne.
In a positive sign the average selling time is reduced compared with a year ago indicating a strengthening selling environment which could support some additional price pressures in the market place.
YOU MAY ALSO BE INTERESTED IN READING:
Perth Housing Market Update [Video] – August 2017
from Property UpdateProperty Update https://propertyupdate.com.au/adelaide-housing-market-update-video-august-2017/
No comments:
Post a Comment