How Did the Housing Market Perform Over the Financial Year?
Over the last financial year, combined capital city dwelling values increased by 9.6% which was actually greater than the 8.3% rise over the 2015-16 financial year. Combined capital city dwelling values have now increased over five successive financial years however, prior to these increases there were successive financial years in which values fell (-1.4% in 2010-11 and -3.6% in 2011-12). Across the individual capital cities the growth story over recent financial years has been vastly different.
Adelaide:
The 2.4% rise in values over the past year eclipsed the 2.1% increase the previous year and marked the fifth consecutive financial year in which values increased.
Source: CoreLogic
How Did the Housing Market Perform Over the Financial Year?
corelogic.com.au
Over the past 20 financial years there have only been two years in which combined capital city dwelling values have fallen.