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Property growth slows nationwide during September

By Ben Faulks

Buying Belconnen real estate in the coming weeks could be a great opportunity to consider, with the latest RP Data CoreLogic September Hedonic Home Value Index highlighting the general slowdown of market growth over the last month. 

Nationwide, property values only rose by 0.1 per cent over September – translating to a 2.9 per cent growth over 2014's third quarter. Property in Canberra fell by 0.5 per cent over September, with the median price for real estate in the ACT capital city resting at $500,000. 

RP Data national research director Tim Lawless said more listings are beginning to enter the market as the weather starts to warm up, resulting in a buyer's market emerging. 

"The annual rate of appreciation in dwelling values has actually been moderating since reaching a peak in April this year. The fact that the annual trend of capital growth has been trending lower is an important factor to note as it highlights that the rate of capital gain is no longer accelerating," said Mr Lawless in the 1 October report. 

With values low ahead of the summer property explosion, now could be a great time to consider securing your own real estate. 

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