House price Recovery is happening!

House price Recovery is happening!

House price recovery is definitely happening. First home buyers/investors take note….home values appreciated sharply in January with total capital gains of 1.2%, according to RP Data’s ‘ hedonic’ daily house price index.
National house values have also seen an increase over the last quarter.
Including gross rental yields, total returns earned by Australian investors before costs were 6.3% in the 12 months to the end of January.  This happening in Australia’s much debated housing market over 2012/2013 has surprised many analysts who expected a modest 3.4% losses continuing from 2011.
Clearly the RBA’s decision has helped.
In Adelaide, changes in dwelling values were:  for the month, .4% for the quarter, 1% year on year, .7% total gross returns, 5.2% and medium dwelling price: $381,750.
So home buyers make your move and don’t get left behind.