history of suburb's capital growth

Discussion in 'Information Resources' started by phan, 2nd Sep, 2008.

  1. phan

    phan Member

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    Hi all,
    Anyone know how and where to find info about last 10yrs capital growth in a suburb? The most I can find is 5 yrs back, and it's from RP free report. Thanks
     
  2. lizzie

    lizzie when i grow up ...

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    back in the painting clothes
    back of the property investor magazine (api) has the stats every month for all suburbs with sufficient sales to qualify.
     
  3. murtagh

    murtagh Member

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  4. merlin

    merlin Member

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    I have 26 years worth of capital growth data from the Valuer General for all of Victoria.

    Name your suburb and I'll post the data....
     
  5. phan

    phan Member

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    wow, thanks guys.
    murtagh, i found the website very useful to my need.
    merlin, I'm looking at nsw and qld suburbs at the moment, If you also have data of these 2 states pls let me know
     
  6. pawprints

    pawprints Member

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    Oh oh Wonthaggi please :eek:
     
  7. Peter Parker

    Peter Parker Member

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    10 years in my opinion is too short as it might include one property cycle, two property cycles or even none at all. Changing the start year of a 10 year analysis can make the difference between the same suburb being a top performer or a dog.

    Longer term is more interesting and you can get rough indications from looking at for sale ads in newspapers 20, 30 or 40 years old. Asking prices are near enough to sale prices in most cases as it's not going to be very exact anyway. Try your local state library for archives.

    Peter
     
  8. merlin

    merlin Member

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    Wonthaggi:

    Annual Capital Growth 1980-2007 (house): 9.50%

    1980 median (house): $19,000
    1996 median (house): $73,000
    2007 median (house): $220,000

    9.50% is about middle of the range, victoria-wide. Quite a good result for a regional area...
     
  9. DEPYLE

    DEPYLE Member

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    8th Sep, 2009
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    Location:
    Melbourne Victoria
    Inverloch

    I am interested in the long term growth rate for Inverloch please Merlin.

    Thanks.