Though Christmas feels like but a minute ago, this week we found ourselves welcoming in the new financial year – and a welcome change it is!  Over the past few months we have seen the launch of a controversial budget and subsequently, consumer confidence taking a hit so now as we look to the new 2014/2015 financial year and put the past behind us, it is great to hear things are indeed looking strong for the real estate market!

A great way to check out the current trends, and what has been happening in the market across all the major cities, is to look to the RP Data Daily Home Value Index.

As we look at the statistics for the capital cities in recent times we can see while Melbourne and Adelaide had a decline over the last quarter, again Brisbane was a solid performer with a 0.83% price rise falling just short of Sydney’s 1.14% increase. 

“We’re not surprised that Brisbane has once again come out on top over Melbourne, Adelaide and Perth.  Our city has so much to offer and the investors are taking note”, said Hannah Schuhmann, principal of HS Brisbane Property.

“Though we saw a slight drop in the market all across Australia in May, over the last month things are definitely started bouncing back and it means overall Brisbane has still come out on top for the quarter with a 1.5% increase in values” she said.

 “While Sydney has taken the lead for growth this year with a staggering 15.5% rise, this can actually be in Brisbane’s favour.  Sydney is rapidly pricing many families, owner-occupiers and investors alike, out of the market with their soaring prices.  While Brisbane has also enjoyed positive growth for the year, we still remain an attractive and attainable option for buyers looking to get a good property, in a great location with the potential for growth also” said Hannah.

We will be keeping a close eye on the RP Data’s Daily Home Value Index and will keep you updated here on our blog.

We wish all our readers all the very best for a fantastic new financial year!