Median property prices highlight affordability pressures
Darling Point is again at the top of the property-price leaderboard, but CoreLogic's analysis of median property prices reveals affordability pressures are growing in NSW and Victoria.
Property prices in Australia's combined capital cities have now been growing for 50 consecutive months, but the growth is patchy, with Melbourne and Sydney accounting for most of the gains, says CoreLogic.
By picking a location where your property will achieve a higher rate of capital growth than the general market will mean that over time the equity level in the property will increase and that will give you the ability to purchase more investment properties.
Rents recorded an unprecedented 0.6% fall in the year to 30 June according to CoreLogic, driven mainly by steep falls in the commodity-reliant cities of Darwin and Perth.
