Melbourne, Sydney lead home prices higher

SBS

Source: SBS

Australian capital city house values gained 1.9 per cent in the June quarter and 10.2 per cent in the year to June, official data show.


Home prices across Australia's capital cities have continued to lift, rising 10.2 per cent in the year to June, thanks to strong growth in Sydney and Melbourne.

Melbourne tied with Sydney - historically the capital with greatest growth in values - with home prices in both cities lifting 13.8 per cent in the year to June, 2017.

Hobart had the third highest growth, with prices there rising 12.4 per cent, followed by Canberra with 7.9 per cent, Adelaide with five per cent and Brisbane lifting three per cent.

Prices in Perth and Darwin fell, by 3.1 and 4.9 per cent, respectively.

In the June quarter, Australian capital city house prices rose 1.9 per cent, after a 2.2 per cent rise in three months to the end of March and a 4.1 per cent lift in the December quarter.

The total value of residential dwellings in Australia was $6.7 trillion for the June quarter, up 4.6 per cent on the March quarter, while the mean price of a home rose $12,000 to $679,100.

 






Share
Follow SBS Korean

Download our apps
SBS Audio
SBS On Demand

Listen to our podcasts
Independent news and stories connecting you to life in Australia and Korean-speaking Australians.
Ease into the English language and Australian culture. We make learning English convenient, fun and practical.
Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS
Korean News

Korean News

Watch it onDemand