Increasing property values nationwide could signal fantastic sales opportunity

3.9.13If you’re considering selling your home in the near future, now could be the perfect time to take advantage of an increasingly strong market, especially following the strength of the winter market during the last three months.

The latest RP Data Rismark August Hedonic Home Value Index report has highlighted that capital city dwellings across the nation have increased by 0.5 per cent during August.

When combined with the increases from June (1.9per cent) and July (1.6 per cent), that amounts to a rolling three month increase of four per cent – the highest increase for a three month period since April 2010.

Individually, Sydney experienced a value increase of 5.4 per cent across the quarter, which was the largest for any of the capital cities throughout the nation. The New South Wales capital also claimed the title of most expensive city, recording a median house price of $587,000 across the quarter.

Tim Lawless, the research director for RP Data, said that the slowing down of monthly value increases experienced in August was good for the market, providing it with a more sustainable growth model for the future.

He went on to say that the decrease would be much easier to cope with for policy makers, giving them the freedom to develop changes which will continue to work well into the future.

“While the recent surge in dwelling values has caused some renewed debate about an Australian housing bubble, it is important to remember that the average annual capital gain over the past decade has been just 4.3 per cent across the combined capital cities,” said Mr Lawless in a September 2 release.

Furthermore, the report also details the various capital gains made in the different areas of the real estate market. Leading the pack is the middle price range, which has increased by 5.2 per cent since the beginning of the year.

The most expensive quartile of the market has also experienced some growth during the year, growing by 4.9 per cent. Rounding up the increases is the lowest, cheapest quartile of the market, with a capital gain increase of 4.4 per cent.

This could be fantastic news for anyone hoping to sell their property, with the values of properties increasing across the board, providing a number of opportunities to make a satisfying return on your property.

Spring is also touted to be just as successful as winter, with Rismark chief executive officer Ben Skilbeck stating that investors will be entering the market in force.

“While the owner-occupier segment of the market is more than twice the size of the investor segment, there continues to be a number of indicators suggesting that this spring investors will be punching above their weight,” said Mr Skilbeck in the September 2 release.

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