Strong rental growth rates combined with slowing dwelling value declines have seen home owners realise positive ‘total return’ growth in August in Australia.
While national dwelling values fell by -0.4%, this was the smallest seasonally-adjusted decline since April 2011. Bucking the national trend, home values in Australia’s biggest city, Sydney, rose +0.4%. Including gross rents, Sydney dwellings have delivered a total 3.4% return in 2011 year-to-date.
Nationally, capital city dwellings also produced a +0.2% total return over 2011.
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