Author
Jacqueline So is the Asia-Pacific News Editor - Law at Key Media. She was a former features writer at Your Investment Property Magazine.
Sydney seems to have bounced back from the decline experienced in 2019 hardly any worse for wear. While it lost out on being the top capital city market in the country in the three months to November 2019, it has charged into the new decade with a lot of promise. However, it may not have the same star power it once did.
Perth spent most of 2019 trading places with Darwin at the bottom of the national residential market, but even though it remained the second-weakest capital city, CoreLogic’s Home Value Index for November 2019 had good news for WA. Dwelling values actually increased by 0.4% over the October–November period. This was the first month-on-month boost recorded since the first half of 2018.
Brisbane continues to enjoy a comfortable position in the national market as a more affordable alternative to Sydney and Melbourne, attracting buyers who are seeking value for money. According to CoreLogic’s Home Value Index for November 2019, Brisbane’s median dwelling value came in at $497,491 – a great deal lower than Sydney’s $840,072 and Melbourne’s $666,883.