CoreLogic Expensive Suburbs Seeing Strongest Growth
The most expensive suburbs seeing strongest growth in home values
By Cameron Kusher | 26th April 2016
While combined capital city home values have increased by 6.4% over the past 12 months, analysing the rate of capital gains across different valuation brackets reveals there is some differences in the rate of dwelling value appreciation.
The CoreLogic RP Data Home Value Index shows that combined capital city home values increased by 6.4% over the 12 months to March 2016. The stratified version of the CoreLogic RP Data Index provides a more detailed view on the rate of capital gains across three broad market segments: the most affordable quarter of capital city suburbs, the middle 50% of capital city suburbs and the most expensive quarter of capital city suburbs.
According to the CoreLogic RP Data Stratified Hedonic Index, the most affordable quarter of Suburbs have recorded annual value growth of 6.6% compared to a 6.4% rise across the middle market and a 7.0% rise across the most expensive suburbs.
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