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First home buyers/investors take note….home values appreciated sharply in January with total capital gains of 1.2%, according to RP Data’s ‘ hedonic’ daily house price index.
National House Values have also seen an increase over the last quarter.
Including gross rental yeilds, total returns earned by Australian investors before costs were 6.3% in the 12 months to the end of January. The recovery in Australia’s much debated housing market over 2012/2013 has surprised many Analysts who expected a modest 3.4% losses continuing from 2011.
Clearly the RBA’s decision has helped in this recovery.
In Adelaide, change in dwelling values were for the month .4% for the quarter 1% year on year .7% total gross returns 5.2% and medium dwelling price $381,750.
So home buyers make your move and don’t get left behind.