The national real estate market is "one in transition" and produced diverse results overaccording to CoreLogic's Best of the Best report, which has captured the standout suburbs across all states and territories. Looking at metrics such as median value, gross rental yield and price increases across both the 12 months to 30 November and the past five years, CoreLogic research analyst Cameron Kusher identified "a slowing growth trend throughout the year", with "a levelling out of national dwelling values" towards the end of Every state has produced at least one superlative suburb 'highest', 'lowest' etc for CoreLogic's metrics.
It's also where the suburbs offering the greatest median value increases over the past five years can be found, along with the highest median weekly advertised rents.
Also worth mentioning: All the most expensive suburbs for apartments can also be found here, as can the top 10 for highest advertised median rents for both houses and units. Melbourne outperformed Sydney in but Victoria only offered four superlative suburbs in CoreLogic's report.
Real Estate Auction Results for Saturday 13th April
The Sunshine State produced mixed results inwith some markets performing notably better than others. Almost all the suburbs with the highest gross rental yields for units can be found in Cairns. And several with the lowest median unit rents are in Gladstone. Western Australia looks on track to recover some of its lost value in following several years of price falls.
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Adelaide remains Australia's most affordable mainland capital, although Darwin's weak performance this year means it's on track to take that title.
Three Whyalla suburbs rounded out the top 10 nationally for lowest median unit rents.
Hobart was the star performer of and looks set to continue its strong growth in But it's still an affordable entry-level market offering relatively low asking prices and high rental yields. All of Australia's most affordable suburbs for houses within 10kms of a capital can be found in Hobart, as can several for units.
Similarly, the top 10 suburbs for highest gross rental house yields within 10kms of a capital are all here. This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice.Channel 7 News: Sydney auction results
Past performance is not an indication of future performance. The commentary provided from external companies that are not a member of the Commonwealth Bank of Australia Group of Companies the CBA Group does not represent an endorsement, recommendation, guarantee or advice in regard to any matter.
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Sold prices & weekend auction results
Sydney Real Estate Auction Results for 13th April
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National dwelling values dropped 0. This latest drop means Australian property prices are down 4. Sydney However, not all capital cities are seeing a decline in dwelling values, the report shows prices of homes in five of the eight capital cities are on the rise.
Melbourne Real Estate Auction Results for 13th April
Dwelling values are trending higher across five of the eight capital cities, albeit at a relatively slow pace compared with the previous surge in Sydney and Melbourne. Prices of properties in regional areas were down 0. Over the past year two regions in Tasmania Launceston and North East, and the South East recorded double digit growth. According to the report, strong growth in top performing regional markets is wearing on the affordability advantages of these markets, although lifestyle is still a strong driver behind the demand.
This article is intended to provide general information of an educational nature only.