Quarterly Review: Australian Residential Property Market and Economy

The CoreLogic RP Data Quarterly Review is one of our most popular in the suite of regular reports we deliver to the market. It comprises a thorough breakdown of the activity across each of the capital cities over June 2015 quarter and also dives into the economic factors that contribute to the overall performance of the market.

Review Highlights:

  • The total value of residential property was $6.0 trillion as at July 2015.
  • Combined capital city home values have increased by 11.1% over the year.
  • Sydney and Melbourne continue to be the main drivers of home value growth.
  • Across the combined capital cities, home values have increased by a total of 30.4%.
  • Over the 12 months to June 2015 there have been 220,423 dwellings approved for construction, which is a record high.
  • Over the 12 months to July 2015, rental growth has been at its lowest level on record.

 

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