Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

RP Data: home values continue to rise

Home values across Australia's capital cities have continued to rise.

Home values are continuing to rise across Australia, with new results from RP Data showing that they collectively rose by 1.3 per cent.

In the October release of its Rismark Home Value Index, it says that most of the growth for this month was supported largely by Sydney although Melbourne and Brisbane also made strong contributions.

RP Data senior research analyst Cameron Kusher said: “Sydney home values increased by 2.4 per cent in October and increased by 5.5 per cent over the past three months while in Melbourne, home values increased by 1.2 per cent in October and recorded an increase of 3.8 per cent over the past three months."

Sydney has continued to see high consumer interest in its residential property market recently. Over spring, its weekend auction markets have generally experienced clearance rates in excess of 80 per cent according to Australian Property Monitors.

Posted by Steve Douglas

- property, prices, Sydney, Melbourne, Brisbane

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now