The third strongest performance in capital gains over the cycle to date has been in the Brisbane market at 18.5%.
The current growth cycle has been running for four years now.
The rebound in the rate of capital gain during 2016 is supported by other measurements in the market.
Auction clearance rates across the combined capital cities have remained stable and hovered around the high 60% to low 70% range since February this year.
Home value in Brisbane has risen by 7.1% over the last year, with a 2.2% value of the first 6 moth of 2016.
The number of events across CoreLogic’s valuation platforms, which account for more than 95% of all bank valuation instructions, are up 6.7% over the past 28 days signalling an increase in mortgage related activity.
No comments:
Post a Comment