House prices rise as market strengthens

According to RP Data-Rismark Home Value Index results for September 2012, house prices have strengthened yet again. Capital city house prices have recorded a 1.4% increase for September.  RP Data states that this continued increase “further cements the fact that the market is in recovery”

While this market is on the up, it does not mean that property investors can go and buy anywhere and make money. The report points out that Hobart has actually gone backwards in value to the tune of 1.8% and that Melbourne is the city with the lowest rental yields at 3.6%.  Always get the right Australian property investment advice.