Australian House Price Changes in 2015


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Australian House Price Changes in 2015.

If you have heard various opinions on the rises or drops of Housing prices in Australia during the last year, these difference may be down to individual locations.

Some areas of Australia have boomed, while some have dropped, whilst Australia as a whole saw an average increase for 2015 of 5.83% for the year.

Those living in Sydney, with an average House value increase of 14.76% over the 2015 year, may be talking about a boom.
But those living in Perth, WA, with an average house value DROP of 4.43%, may be more inclined to talk about a housing bust.

This gives an idea of the change in Housing Values for the different areas of Australia

2015 Australian Property Value Changes – Houses.

14.76% NSW – Sydney
13.96% Vic – Melbourne
9.85% NSW – Rest of State
5.00% Vic – Rest of State
4.59% QLD – Brisbane
4.24% SA – Adelaide
4.15% TAS – Hobart
3.32% QLD – Rest of State
3.05% ACT
1.24% NT – Rest of State
1.19% SA – Rest of State
0.91% NT – Darwin
0.45% TAS – Rest of State
-4.25% WA – Rest of State
-4.43% WA – Perth

NOTE: The above applies to Houses (normally detached houses), not units.


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The 2015 changes for Units in Australia averaged at a 5.54% increase, with the different parts of Australia showing changes between a 12.04% increase and a 7.87% DROP.

2015 Australian Property Value Changes – Units.

12.04% NSW – Sydney
9.87% NSW – Rest of State
6.15% Vic – Melbourne
5.66% Vic – Rest of State
4.92% QLD – Rest of State
3.50% ACT
2.76% QLD – Brisbane
1.74% TAS – Hobart
1.20% TAS – Rest of State
-0.90% SA – Adelaide
-3.58% WA – Perth
-4.33% SA – Rest of State
-5.54% NT – Rest of State
-6.00% NT – Darwin
-7.87% WA – Rest of State

Source:

propertynews.onthehouse.com.au

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