Residex on why boomers are hog wild for housing

By Leith van Onselen

Residex has released its dwelling price results for October, which revealed 0.49% growth for houses nationally and 0.15% growth in unit values at the national level. Over the year, there has been a clear slowing of momentum, with house values growing by 6.71% nationally, with unit values up by 6.69% (see next chart).

As shown above, there is significant divergence in growth rates across the capital cities and regions, with Sydney (+16.83% YoY houses, 13.99% YoY unites) way out in front of the other capitals, and driving growth nationally, and at the other end of the spectrum, the ACT, Darwin and Perth registering minimal growth.