I just noticed that the residex blog had a couple of interesting data tables containing the breakdown of growth in house and unit prices over various time periods according to their own indexes.
Houses | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Area | Median Value | Growth | Rent | Sales | Predictions | |||||||
July 2011 | Ending July 2011 | July 2011 | Jul 2010 | |||||||||
| ACT | $534,000 | 7.37% | 9.67% | 0.23% | 0.08% | -1.18% | 4.59% | $470 | $460 | 2.17% | -2.58% | 1.08% |
| Adelaide | $399,000 | n/a | 8.98% | -2.44% | -1.76% | -1.06% | 4.45% | $340 | $320 | 6.25% | 0.17% | 0.10% |
| SA Country | $262,000 | n/a | 9.04% | -0.18% | -3.02% | -0.52% | 4.98% | $250 | $240 | 4.17% | -6.47% | -0.34% |
| Brisbane | $436,500 | 6.92% | 9.78% | -6.04% | -1.39% | -1.06% | 4.60% | $385 | $375 | 2.67% | -21.78% | 5.20% |
| QLD Country | $369,000 | 6.50% | 9.28% | -4.09% | -0.26% | -0.60% | 5.30% | $375 | $360 | 4.17% | -13.71% | 4.91% |
| Darwin | $499,000 | n/a | 10.87% | -2.84% | -1.44% | -0.24% | 5.43% | $520 | $530 | -1.89% | -28.36% | 6.14% |
| Northern Territory | $470,000 | n/a | 11.02% | -2.43% | -0.36% | 0.06% | 5.75% | $520 | $505 | 2.97% | -24.54% | 5.27% |
| Hobart | $379,000 | n/a | 11.21% | -0.81% | -0.44% | -1.74% | 4.82% | $350 | $340 | 2.94% | -14.90% | 6.69% |
| TAS Country | $267,500 | n/a | 10.51% | -0.11% | 0.72% | 1.18% | 5.07% | $260 | $250 | 4.00% | -11.40% | 6.40% |
| Melbourne | $586,500 | 7.73% | 9.05% | -0.92% | -2.16% | -1.24% | 3.38% | $380 | $370 | 2.70% | 7.55% | 2.28% |
| VIC Country | $328,000 | 6.55% | 8.84% | 4.66% | -1.73% | 0.01% | 4.93% | $310 | $290 | 6.90% | -2.26% | 1.13% |
| Perth | $471,000 | 8.78% | 10.20% | -3.90% | -2.14% | -0.82% | 4.32% | $390 | $370 | 5.41% | -13.39% | 8.05% |
| WA Country | $358,000 | 8.42% | 10.30% | 4.32% | 2.57% | -1.98% | 4.81% | $330 | $300 | 10.00% | -13.71% | 7.48% |
| Sydney | $674,500 | 6.84% | 6.20% | 0.96% | 1.02% | 0.12% | 4.10% | $530 | $500 | 6.00% | -21.44% | 5.64% |
| NSW Country | $340,000 | 6.33% | 7.26% | 1.24% | -0.20% | -0.70% | 5.29% | $345 | $320 | 7.81% | -23.14% | 5.28% |
| Australia | $436,000 | n/a | 9.00% | -1.84% | -1.70% | -0.43% | 4.49% | $375 | $360 | 4.17% | -11.45% | 4.43% |
Units | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Area | Median Value | Growth | Rent | Sales | Predictions | |||||||
July 2011 | Ending July 2011 | July 2011 | Jul 2010 | |||||||||
| ACT | $428,500 | 7.60% | 10.25% | 1.38% | -0.14% | 1.61% | 5.18% | $425 | $420 | 1.19% | 7.02% | -0.90% |
| Adelaide | $308,000 | n/a | 10.13% | -0.94% | -3.54% | -1.33% | 4.91% | $290 | $270 | 7.41% | -5.99% | -0.66% |
| SA Country | $234,500 | n/a | 8.12% | 3.48% | -0.46% | -0.57% | 4.23% | $190 | $185 | 2.70% | -6.27% | -0.71% |
| Brisbane | $358,500 | 6.21% | 9.50% | -1.80% | -1.56% | -0.42% | 5.10% | $350 | $350 | 0.00% | -19.10% | 1.75% |
| QLD Country | $312,500 | 5.28% | 8.40% | -9.78% | -4.47% | -2.38% | 5.34% | $320 | $310 | 3.23% | -25.93% | 2.71% |
| Darwin | $391,000 | n/a | 10.84% | -8.08% | -2.81% | -1.42% | 5.60% | $420 | $440 | -4.55% | -29.56% | 4.90% |
| Northern Territory | $382,000 | n/a | 10.91% | -6.81% | -3.23% | -1.52% | 5.73% | $420 | $410 | 2.44% | -28.61% | 4.26% |
| Hobart | $279,000 | n/a | 10.41% | -1.13% | -1.81% | -0.87% | 5.05% | $270 | $265 | 1.89% | -17.93% | 6.20% |
| TAS Country | $207,000 | n/a | 10.03% | -5.32% | -5.10% | -1.86% | 5.54% | $220 | $200 | 10.00% | -17.99% | 5.71% |
| Melbourne | $449,500 | 7.41% | 8.19% | -1.40% | -1.60% | 0.37% | 4.18% | $360 | $350 | 2.86% | -2.66% | 2.91% |
| VIC Country | $261,000 | 6.22% | 9.06% | 3.49% | -0.45% | 1.32% | 5.19% | $260 | $230 | 13.04% | -14.24% | 0.15% |
| Perth | $388,500 | 7.59% | 10.08% | -5.96% | -0.24% | -1.95% | 5.04% | $375 | $360 | 4.17% | -15.51% | 1.25% |
| WA Country | $297,500 | 6.20% | 7.03% | -6.77% | -0.05% | 2.15% | 5.43% | $310 | $290 | 6.90% | -21.35% | 2.21% |
| Sydney | $488,000 | 6.26% | 5.62% | 3.09% | 1.11% | 0.57% | 4.81% | $450 | $440 | 2.27% | -13.68% | 3.10% |
| NSW Country | $300,500 | 5.37% | 7.03% | -0.83% | -1.02% | -0.37% | 4.95% | $285 | $275 | 3.64% | -16.53% | 2.13% |
| Australia | $398,500 | n/a | 7.28% | -0.74% | -0.84% | 0.22% | 4.71% | $360 | $355 | 1.41% | -13.08% | 2.76% |
You can see that the current period is not something people in Australia are accustomed to, and you can certainly see why older generations of Australians have a “you can’t lose with housing” attitude to investing.
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That may of course have something to do with this chart.
