Capital Gain Conditions

Interesting article just received via CoreLogic

“Capital gain conditions across the housing market have continued to gather pace, with CoreLogic reporting capital city home values rose by a further 1.4% in March to be 3.5% higher over the first quarter of the year and 12.9% over the past twelve months. The annual rate of growth was the highest since May 2010.”

With Melbourne’s growth for the quarter at 4.2% and 15.9% for 12 months.
The reason for this growth is due to the high demand, population growth and also strong employment.
Melbourne has 2/3 of the population growth especially because of the employment opportunities from 2012-2017.

It just shows we do live in the most livable city – if you aren’t invested in Melbourne, now is the time!

Article is from Core Logic.