Investors Should Take Note Of The Changes In The Real Estate Market

Keeping up with changes in property prices is key when you are looking to invest in a second house.

Property investors looking for a good venture may be interested to find that the price of apartments, units and semi-detached houses performed better in 2011 than standalone houses.

This is according to the latest report released on August 1 by the Australian Bureau of Statistics.

Perth and Darwin were the only two capital cities where house prices were not outperformed by unit prices.

The new Experimental Other Dwellings Price Index dropped in all the capital cities with an average fall of three per cent during the 12 months to December 2011.

Apartment, unit and townhouse prices fell 0.6 per cent in Canberra – whereas established house prices fell by 1.8 per cent in the Australian capital city.

Meanwhile the price of established houses fell by 4.4 per cent in the eight capital cities.