Login
ISCOVER
An analysis of Australian dwelling values has highlighted the strong growth Australia’s property market has achieved in the past 16 years, with dwelling values increasing at an average rate of 8 per cent per annum.
In the 16 years since 1993 value growth of Australian dwellings has varied, but there were 12 occasions when dwellings recorded growth of at least 5 per cent, RP Data has found.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
In some instances dwelling values increased by as much as 18 per cent, while the year to March 2009 recorded the largest decline – just 0.6 per cent.
The median national dwelling value now sits at $458,908, compared to $134,544 in March 1993.
Taking inflation into consideration, RP Data research analyst Cameron Kusher, said property values had in fact increased by 12 per cent per annum – or 198 per cent.
