Highest Capital Gain in Residential Property Since GFC

A recent RP Data report has confirmed some of the highest residential property gains since 2007 (the year before the GFC). Following are some interesting highlights of the report:

• Brisbane city property increased 1.30% during the quarter - 5.40% for the year
• Brisbane city has an average house price of $445,000
• Brisbane city's rental income return 4.50% for houses, and 5.40% for units
• Best performing capital city was Melbourne with +6.40% (but it's way too wet and cold to live there!)
• Weakest performing capital city was Hobart with -0.80% (because nobody wants to live there!)
• Highest rental income return was Darwin with houses 5.90%, and units 5.80% (no enough houses for miners)
• Lowest rental income return was Melbourne with houses 3.20%, and units 4.20% (because the properties are too expensive)
• Most expensive capital city was Melbourne with an average house price of $650,000
• Most affordable city was Hobart with an average house price of $310,000

The comments in brackets reflect my own take on the data, and were not part of the RP Data report (but maybe they should have been!)