Oliver Myers Real Estate
Call Us: 02 4322 5600
Address: Suite 301, Level 3, Imperial Shopping Centre
171 Mann Street, Gosford, NSW 2250
House prices settle on high

House prices settle on high

  • 17 Jul 2014

House prices ended the financial year on a high note, new monthly figures show.

The June RP Data Rismark Hedonic Home Value Index showed capital city dwelling values moved 1.4 per cent higher for the month, after posting a 1.9 per cent decline in May.

Over the 2013-2014 financial year the top performing cities were Sydney and Melbourne, where dwelling values are up 15.4 per cent and 9.4 per cent respectively across each city.

The Brisbane housing market, where conditions have generally been relatively sedate, is now gathering pace with dwelling values moving 7.0 per cent higher over the past twelve months.
Increases were also recorded over the past year in Hobart (2.5 per cent), Canberra (2.9 per cent) and Adelaide (2.9 per cent).

Over the current growth cycle, capital city dwelling values are up 15.5 per cent, with Sydney recording the most significant capital gain at 23.1 per cent growth since the end of May 2012. Adelaide’s housing market recorded the least significant capital gain over the cycle to date, with dwelling values rising by 5.6 per cent.

According to RP Data’s Tim Lawless, the volatility is most probably a seasonal factor.

"The recent reduction in capital gains is likely a correction from the strong market conditions reported over the first quarter of the year."

"Looking through the monthly movements, the trend in performance is much more important. It shows that the quarterly rate of growth peaked across the Australian housing market in August last year at 4.0 per cent.

“Since that time the rate of capital gain has generally trended towards a more sustainable level. The slowdown in dwelling value appreciation will be a welcome relief to policy makers and those seeking to buy into the housing market," Mr Lawless said.

Over the month of June, clearance rates strengthened to be around the high 60 per cent mark across the capital cities week on week. Average selling and vendor discounting rates also levelled out at relatively strong readings, and listing numbers remain relatively tight.

Source: www.echoapp.com.au

Highly Efficient and Customer Focused

Oliver Myers Real Estate Gosford is a long standing and well established leading Central Coast Business serving the real estate needs of an ever growing population in an highly efficient and customer focused manner.
We have dealt directly with their agency and more specific with Principal Tony Myers, over many years now and cannot speak more highly of their commitment to their clientele and for their complete professionalism in all that they do.
For all your real estate and property investment needs, you need go no further that Oliver Myers Real Estate and Tony Myers.

- Peter & Janette Hogg, Proprietors Platinum Retirement Solutions
West Gosford

Best Real Estate Book Ever!

I've tried to read other real estate books and they are all really large and hard going.

Tony's book is plain and simple, easy for everyone to understand.

It's the best real estate book I've ever read.

- George Szafranski
Terrigal

Well Thought Of

Tony Myers is a well known real estate agent who I have known for about 30 years. He has a thorough knowledge of the Central Coast property market and is well thought of with those whom he does business.

- Edgar Adams
Editor at Central Coast Business Review

Excellent Customer Service

The team from Oliver Myers Real Estate have gone above and beyond expectations to help me. They gave more than 100% effort to work with me to help me find my dream home. I cannot fault their service and would certainly recommend them to my friends and family.

- Pauline Marquette
Lambton NSW