Housing Market Update April 2019

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CoreLogic's new property update for March has been released, with signs indicating that the downturn is losing steam.

Changes in Dwelling Value
Three months: -1.1%
Twelve months: -1.3%
Average annual growth past decade 1.5%

Median Values
Median Dwelling Value: $489,832
Median House Value: $538,544
Median Unit Value: $374,896

Rental Rates and Yield
Weekly rent (houses): $420
Weekly rent (units): $385
Gross rental yield (houses):  4.3%
Gross rental yield (units): 5.4%

Selling Time
Time on market (March 2019): 68
Time on market (March 2019): 38

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