PROPERTY REPORT - September 2013by Terry Ryder
Introduction:
Mid-year report card gives a pass mark to most major markets.
The first half of calendar 2013 has been the most buoyant time in big-city real estate since 2010. According to one set of figures published in July, five of the eight capital cities now have median house prices at least 4% higher than a year earlier.
Those figures, from Australian Property Monitors, had all eight cities ahead of the price levels of June 2012, though only marginally so in the case of Brisbane, Hobart and Adelaide.
Figures published in early August by the Australian Bureau of Statistics confirm the findings of APM. Other data – including official figures on building approvals and home finance – support the overall picture of rising property markets.
While the overall results for the eight capital cities do not constitute a return to boom times, they do represent a solid recovery – and a stronger outcome than many were predicting at the beginning of the year.
The results of the first half of the year suggest 2013 will be Australia’s strongest year in real estate since 2009/10.
For analysis of markets nationwide, click on the topics below ...
National Overview Markets stronger than many expected.
Adelaide & SA A glimmer of growth but little momentum.
Brisbane & QLD City recovery muted but many regions are powering.
Canberra & ACT Doing better than many expected.
Darwin & NT Growth rate slowing, but Darwin still a leader.
Hobart & TAS An economy desperately in need of stimulus.
Melbourne & VIC Solid performance but avoid the inner-city.
Perth & WA Perth now leads capital city markets but iron ore towns slowing.
Sydney & NSW At last, some serious activity in the Sydney market.
Conclusion Ignore the election hype and get on with it.
National Overview:
Halfway through 2013 … Markets stronger than expected
At the start of 2013, I expected 2013 to be the best year for capital city real estate growth since 2010. That is certainly what we are seeing. At the halfway point of the year, all eight capital cities now have pricing levels higher than a year earlier.
I predicted Perth and Darwin would lead on price growth, followed by Sydney and Brisbane, with Canberra and Adelaide moderate, and Melbourne and Hobart fairly stagnant.
Read more:
http://www.jenman.com.au/index.php 
