Post a Comment On: Brisbane Apartment

A summary from the recent September 2011 Quarter RP Data home equity report.

The highlights of the report are: Over the five years to September 2011, capital city home values increased by around 28 per cent.  Australian housing markets recorded value declines recently with capital city home values down 3.3 per cent from their October 2010 peak to September 2011. Properties in Queensland and South Australia have higher turnover rates; therefore equity levels in these states tend to be lower than in other states. Far North Queensland & the Gold and Sunshine Coasts have the highest instances of negative equity at 20.2%, 14.0% and 13.5% respectively.  The highest proportion of homes that are now worth at least double their initial purchase price is typically either regional and non-coastal, or capital city markets.  Capital cities have enjoyed long-term value appreciation and have proven to be less susceptible to ongoing value falls than certain non-capital city markets.