Home sales volume surges across Australia

Font size :

The number of properties sold all over Australia jumped by a hefty 32% for the 12 months ending June, thanks to strong activity from first homebuyers and investors according to rpdata.com.

Perth notched up the strongest recovery with residential home sales soaring by almost 60% compared to a year ago.
"This future is looking brighter for Perth as the resources sector once again picking up and a modest degree of capital growth returning to the market," said Tim Lawless, rpdata.com national research director. "However, it's important to remember that the market is coming from a low base. In June last year, sales volumes were almost 70% lower than the five-year average and values have declined more than any capital city."

Sydney recorded the second highest improvement in residential sales volumes, rising by 38% compared to a year ago. Brisbane sales were up by 35%, Hobart rose by 34%, Darwin sales increased by 32% and Melbourne climbed by 30%.

Adelaide achieved the lowest sales volumes at just 9% increase over the same period.
"Adelaide's recovery is taking a longer time; the June quarter sale volumes lift by almost 20% as the Adelaide market falls into line with the movements in other capital cities," said Lawless.

Properties priced between $400,000 and $500,000 have captured the broadest mix of buyers. The proportion of sales in this price range has increased to 21% from 17% of all sales.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Friday, Sep 22, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords