Over the past 20 financial years there have only been two years in which combined capital city dwelling values have fallen. 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. Download report by clicking on link below 2017-07–JulyPropertyandEconomicOverview

Please find below this month’s CoreLogic housing market update, presented by CoreLogic research director Tim Lawless. “CoreLogic reported that dwelling values across the combined capital cities rose by 0.8% over the June quarter, which was the lowest quarter-on-quarter growth rate since December 2015.  To put the weaker performance into context, dwelling values were 3.5% over the March quarter, highlighting a softening in the trend rate of growth over the three months ending March.”

  Welcome to the latest edition of Viewpoints for 2017. We hope you enjoy this issue, it’s packed with great articles and information that may be of relevance to you. If you would like to discuss any of the topics in more detail, we would love to hear from you. ViewPoint_winter2017greenleaf

The 2017 Federal Budget has a number of initiatives for small to medium businesses Westpac’s Senior Economist Elliot Clarke looks at what they are in this short video.  

Please see March  CoreLogic housing market update, presented by CoreLogic research director Tim Lawless. “Capital gain conditions across the housing market have continued to gather pace, with CoreLogic reporting capital city home values rose by a further 1.4% in March to be 3.5% higher over the first quarter of the year and 12.9% over the past twelve months. The annual rate of growth was the highest since May 2010.   Dwelling values have been surging higher since the middle of 2016 when the cash rate was lowered by fifty basis points and investment demand started to rebound after slowing through most of 2015 and the first half of 2016.”

Please see this month’s CoreLogic housing market update, presented by CoreLogic research director Tim Lawless. “CoreLogic figures show that housing market trends have continued on from the strong finish to 2016, posting a 0.7% rise in capital city dwelling values over the first month of the year. Every capital city apart from Darwin recorded a rise in dwelling values based on the hedonic index results for January. Additionally, the results over the rolling quarter showed every capital city, including Perth and Darwin, recorded some upwards movement in values.”