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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the latest in equities, property investing and super.

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Steve Waters, director of Right Property Group, chats about the latest in property, including CoreLogic’s latest findings, which suggest national home values have increased at the fastest pace in over 30 years, and why he isn’t quite sure this is the case.

RMIT’s senior lecturer of finance, Dr Angel Zhong, talks about soaring travel stocks, the rising popularity of NFTs and what they are, as well as the sudden meltdown of Archegos Capital Management.

And lastly, tax and super guru Timothy Munro gives his thoughts on Paul Keating’s early release of super verdict, as well as an overview of life after JobKeeper.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Home values up 30% (or are they); NFTs taking the world by storm, and why Keatin...

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Australian house prices soar 500% in 25 years

By Bianca Dabu

April 01 2021
Share

Invest

Australian house prices soar 500% in 25 years

By Bianca Dabu
April 01 2021

Australian house prices have surged by as much as 500 per cent in the past 25 years, according to fresh data from REIA.

Australian house prices soar 500% in 25 years

By Bianca Dabu

April 01 2021
Share

Australian house prices have surged by as much as 500 per cent in the past 25 years, according to fresh data from REIA.

The median house price has surged from $160,000 in 1996 to $825,000 in 2020, an increase of 500 per cent in 25 years, the Real Estate Institute of Australia (REIA) has revealed.

As for other dwelling types, including units and apartments, capital values have increased by just over 400 per cent over the past decade and a half, REIA’s latest Real Estate Market Facts has shown.

This difference in growth is, however, slightly offset by the fact that units and apartments do produce higher yields.

In fact, over the 25-year period, Australian housing yields tightened from 5.1 per cent to 2.9 per cent, while other dwellings have recorded a slight drop in yields from 5.2 per cent to 3.7 per cent.

Looking at the individual capital cities, houses in Darwin recorded the highest return, averaging 4.2 per cent.

“In 1996, housing investments in Darwin were yielding 6.4 per cent. Melbourne and Sydney have always had the lowest yields, both falling from around 4 per cent in 1996 to just 1.8 per cent in 2020,” REIA president Adrian Kelly said.

“The pandemic saw Melbourne and Sydney experience rising vacancies, with Melbourne now the highest in Australia at 5 per cent while Sydney is currently at 3.7 per cent,” he added.

According to Mr Kelly, it is these losses that have led to a decline in investor activity, but the situation is on the upswing as demand continues to lift.

“Despite rising vacancies and the low yields, we are starting to see investors reemerge as they respond to a rising market with further growth expectations and low borrowing costs,” he added.

As such, in the December quarter 2020, the weighted average capital city median price for houses increased by 6.0 per cent, while other dwellings added 0.9 per cent.

This took Sydney’s median house price to the top of the pile at $1,211,488 or 46.8 per cent higher than the national average. At $490,000, Perth has the lowest median house price across Australian capital cities, 40.6 per cent lower than the national average.

Having also analysed the last five years, REIA put the overall house price growth at 25 per cent, while other dwellings rose by 10 per cent to $600,000 since 2015.

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