Aussie - Leena Kothare

Australian property markets rose 1.2% collectively in May, the third consecutive monthly increase! This comes as a result of continuously low levels of housing supply and increasing demand.

Here’s how each major city has performed.
Sydney 1.8%
Melbourne 0.9%
Brisbane 1.4%
Adelaide 0.9%
Perth 1.3%
Hobart 0.5%
Darwin 0.4%
Canberra 0.4%

Source: CorelogicAU Hedonic Home Value Index

All four of the largest capital cities have experienced a rise in housing values over the rolling quarter, with Sydney now surpassing the January trough by 3.0%.

Here’s how each major city has performed.
Sydney 3.0%
Melbourne 0.3%
Brisbane 0.1%
Adelaide 2.4
Perth 1.2%
Hobart -2.4%
Darwin -2%
Canberra -1%

Source: CorelogicAU Hedonic Home Value Index

Need new equipment for your business?

June 30th is fast approaching! Temporary full expensing may allow you to claim an immediate deduction for the business cost of an asset in the year it is first used.

Let’s talk to see if your business is eligible!