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Capital growth for Australian capitals

By Brett Pilgrim

When you buy property here in the City of Churches, you are making an investment in a beautiful city with some of the most affordable, enticing real estate in the country – prime ground for investment.

This property potential has been bolstered by new figures showing that capital cities across the nation have seen their house prices increase by 4.2 per cent over the three months to August. 

The RP Data CoreLogic Hedonic Home Value Index recorded this as the strongest gains for home prices over the winter months since 2007. As winter is traditionally a time when people shy away from buying property, this strong result shows people are bucking the spring trend and buying when they see fit more often. 

Adelaide's home prices increased by 1.3 per cent over this three-month period, but have jumped a very encouraging 9.9 per cent since 2009. RP Data Research Director Tim Lawless has noted that Sydney and Melbourne housing cycles are driving this growth across the nation. 

Mr Lawless also expects house prices to increase further over spring, due to current high auction clearance rates, the expected surge in new home listings and low interest rates on offer. 

"Consumer confidence is also moving in the right direction now after the post-budget slump which will add fuel to the exuberant buying and selling conditions we have seen during winter", he added.

Another area of strength for Adelaide has been the rental market, which is one of only two capital city markets to record higher rental yields in the last 12 months. 

With conditions sitting as they are, now may be a great time to invest in real estate. Whether it's a Norwood villa-style property or an inner-city unit, there is plenty on offer to bring you excellent growth and rental profits this spring. 

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