Home values continue to rise
Posted by: Multi Dynamic SA, 03 May, 2021
Home values continue to rise

The four smallest capital cities recorded double-digit annual growth (Adelaide 10.3%, Hobart 13.8%, Darwin 15.3%, and Canberra 14.2%), reflecting a smaller COVID-related disruption and an earlier start to the growth phase last year. Australian housing values lifted by 1.8% in April according to CoreLogic’s national home value index, with the monthly pace of capital gains easing from a 32-year high in March (2.8%).  Although growth conditions have slowed, housing values are still rising at a rapid pace, up 6.8% over the past three months to be 10.2% higher than the COVID low in September last year

To uncover potential bargains and possible future performers, Compare metrics, Analyze the market and Find the suburbs that are right for you to build, rent, sell and buy. For a positive cash flow strategy look for an informed property manager. A cash flow strategy is primarily reliant on the incoming revenue (e.g. rent) exceeding the outgoing costs (e.g. mortgage repayments), thus creating a positive revenue source.

 

Source: (CoreLogic)