Housing Market Update May 2019

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CoreLogic’s new property update for April has been released, with the decline in dwelling values continuing to stabilise.

Changes in Dwelling Value
Three months: -1.2%
Twelve months: -1.9%
Average annual growth past decade 1.4%

Median Values
Median Dwelling Value: $484,047
Median House Value: $532,308
Median Unit Value: $370,583

Rental Rates and Yield
Weekly rent (houses): $415
Weekly rent (units): $380
Gross rental yield (houses): 4.4%
Gross rental yield (units): 5.4%

Selling Time
Time on market (April 2019): 60
Time on market (April 2019): 34

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