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Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Fri 14 Jun '24 with Rich Harvey Tax Effective Property Investment Strategies
 
 
Fri 24 May '24 with Rich Harvey Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24 with Rich Harvey Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24 with Rich Harvey How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24 with Rich Harvey Why Invest in Melbourne?
 
 
Mon 26 Feb '24 with Rich Harvey Sydney’s Inner West – Hotspots and Outlook for 2024
 

 

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Property advice, market updates & more

 

Home values see strong growth in prestige market

April 3, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

The March quarter ended on a high note for property prices, according to the latest RP Data - Rismark Home Value Index.

Figures show dwelling values rose 2.3 per cent over March on a monthly basis, reaching a 3.5 per cent capital gain over the first quarter of the year.

Aside from Perth, rising home values were seen in every capital city during the March quarter. In fact, half of all capital cities are now posting record-high dwelling values.

While Melbourne saw the highest quarterly value growth, Sydney's housing market posted the largest increase beyond its previous market high.

"Sydney dwelling values are now 15.8 per cent higher than their previous peak, substantially more than Melbourne where dwelling values are 4.7 percent higher than their previous peak," said RP Data Research Director Tim Lawless.

"Perth and Canberra values have risen to be 2.9 and 1.2 per cent higher than their previous high point, respectively."

Investors looking at Sydney prestige properties should also be glad to hear that the premium real estate market remained the best performer out of all price segments.

Dwelling values for prestige property in the most expensive quarter of the market increased 7.2 per cent over the past six months. Meanwhile, values for the lower priced quarter of the market only lifted by 4.9 per cent over the same time period.

This could be great news for prestige buyers in the eastern suburbs.

Data indicates that premium homes in areas like Coogee, Clovelly, Potts Point and Elizabeth Bay have much to offer not only home buyers seeking stunning views and access to high-quality amenities, but also investors seeking property that has a solid track record of value growth.

Employing the services of a qualified buyers agent who knows the area well could be the perfect way to find the right home in this region.

The Propertybuyer
Podcast

 
Fri 14 Jun '24
with Rich Harvey
Tax Effective Property Investment Strategies
 
 
Fri 24 May '24
with Rich Harvey
Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24
with Rich Harvey
Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24
with Rich Harvey
How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24
with Rich Harvey
Why Invest in Melbourne?
 
 
Mon 26 Feb '24
with Rich Harvey
Sydney’s Inner West – Hotspots and Outlook for 2024
 

 

Listen to many more
podcasts on our
Podcasts page.