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Growth in Sydney house prices outstrips all other cities

Sydney remains the runaway leader for capital city housing growth, according to the latest data from the Australian Bureau of Statistics. In its established house price index for the December quarter released on Tuesday, the Sydney index increased by 3.4 per cent, compared with the next best cities, Melbourne and Brisbane, which both increased by 1.5 per cent. Sydney also recorded the highest increase in the index over 2014 – up by 12.8 per cent – again well ahead of the equal second-placed Melbourne and Brisbane markets where established house price indices increased by 5.4 per cent. Read more: http://news.domain.com.au/domain/real-estate-news/growth-in-sydney-house-prices-outstrips-all-other-cities-abs-20150210-13atpt.html

 

DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.