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Australian Housing Market Report - Winter 2015 Edition

by Access One

20 Jul - 2015 - 12:00 AM

Tags: reports market forecast


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The Australian Housing Market Report is your guide to the current home value trends in Australia. You’ll find information about what’s happened over the last 12 months (up until April 2015), as well as NAB’s expectations of where prices are headed in the near future. 

Nationally, house prices are tipped to grow 2.1% in the House Price Expectations (%) next 12 months according to the March quarter 2015 NAB Residential Property Survey. While expectations for national house prices have strengthened the picture remains quite mixed across states. Expectations for house price growth over the next 12 months have improved in NSW (3.3%) and QLD (3.3%). Expectations were scaled back in VIC, but remain positive (1.3%). House prices are expected to fall in SA/NT (-0.4%) and remain flat in WA.

Download Full Report

 

Report Highlights

 

Highest capital gain over past year for each state – Houses

 

Suburb State Median Value Change over past year
Leppington NSW $1,497,614 41.4%
St Kilda West VIC $1,776,943 36.2%
South Brisbane QLD $807,794 23.9%
Unley Park SA $1,621,488 27.1%
Hilbert WA $508,944 23.2%
Bellamack NT $654,759 11.4%
Lenah Valley TAS $400,423 7.2%
Crace ACT $542,106 28.6%

 


The NAB expectation is that average capital city house price growth will cool, although remain in positive territory at 6.4% through the year to end 2015.


 

Highest capital gain over past year for each state – Units

 

Suburb State Median Value Change over past year
Belrose NSW $629,459 32.0%
Williamstown North VIC $544,828 42.5%
Dutton Park QLD $508,118 37.2%
Wayville SA $378,572 17.6%
Lathlain WA $526,699 48.3%
Nightcliff NT $454,864 11.8%
North Hobart TAS $383,597 12.8%
O'Connor ACT $467,925 13.5%

 


According to the CoreLogic RP Data Home Value Index, home values across the combined capital cities have increased by 7.9% over the 12 months to April 2015.


 

What are Australia's most affordable capital city suburbs?

 

Houses

Gagebrook TAS $135,530
Elizabeth North SA $173,357
Russell Island QLD $222,398
Melton VIC $265,442
Medina WA $289,480
San Remo NSW $327,027
Charnwood ACT $391,560

Units

Elizabeth Vale SA $140,727
Bethania QLD $150,372
Claremont TAS $197,969
Orelia WA $209,184
Albion VIC $229,276
Berkeley Vale NSW $251,876
Hughes ACT $281,784

 


 NAB expects house price growth to accelerate modestly in Brisbane (5%) and Adelaide (0.5%) and remain flat in Perth.


 

Important information

The property data on this page is provided by RP Data Pty Ltd trading as CoreLogic Asia Pacific (referred to in this report as ‘CoreLogic RP Data’). For further information regarding the source of this data please download the Australian Housing Market Report.


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