The continued strong demand for housing supports the speedy sale of the family home to join a village r fund the move into care. The escalating prices are delivering a large nest egg given the relative low village prices and average entry DAP of $330,000.
RP Data has just released latest Home Value Index. For October only three cites had home price growth: Melbourne 1.9%, Sydney 1.3% and Brisbane 0.6%. largest falls were Hobart at 2.4% and Canberra 2.3%.
RP Data states the growth in the market peaked nationally in April and is now trending lower, dragged down by the smaller cities.
The 12 month home value growth to October 2014 were:
Sydney 13.1%
Melbourne 8.9%
Brisbane 5.6%
Darwin 5.0%
Hobart 4.4%
Adelaide 4.3%
Perth 3.4%
Canberra 0.9%
