Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Capital city prices continue dominance over regionals

City brokers have enjoyed substantially larger loan values than their country cousins during the past year, if new data is any guide.

According to CoreLogic RP Data statistics, capital city house prices throughout Australia grew about twice as fast as regional prices during the 12 months to 31 March 2015.

NSW recorded the greatest disparity, with the median metropolitan house price rising 13.4 per cent to $800,000 as the median country house price rose 5.6 per cent to $385,000.

Advertisement
Advertisement

Victoria’s median metropolitan house price climbed 6.6 per cent to $550,000, while the median country house price climbed 2.5 per cent to $200,000.

South Australian prices grew 5.1 per cent to $426,000 in the city and 1.8 per cent to $290,000 in the country.

Tasmanian prices increased 3.0 per cent to $360,000 in the city and remained flat at $252,000 in the country.

In Western Australia, the median metropolitan house price climbed 3.8 per cent to $550,000, while the median country house price climbed 1.3 per cent to $385,000.

Northern Territory saw metropolitan prices rise 5.6 per cent to $570,000 as country prices rose 4.5 per cent to $415,000.

Queensland had the smallest growth gap, with metropolitan house prices up 4.9 per cent to $490,000 and country house prices up 3.8 per cent to $410,000.

Capital city prices continue dominance over regionals
mortgagebusiness

Latest News

According to data analysis agency GlobalData, one in four ADIs could exit the market within the next five years, as unemployment levels rise...

The economic consequences of the coronavirus pandemic have prompted more non-bank lenders to make changes to their credit policies, which in...

LaTrobe Financial has announced it anticipates a “strong and sharp” rebound for the housing market, as well as for employment conditions...

FROM THE WEB
podcast

LATEST PODCAST: The rush to save small businesses

Do you think Australia will move to quantitative easing this year?

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Mortgage Business.

Read more

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.