๐ก๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐๐น๐ผ๐๐ฒ ๐๐ผ ๐ฅ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ ๐๐ฒ๐๐ฒ๐น๐
Australia's median price rose another 0.9% in October, the ninth consecutive month of growth, according to CoreLogic.
National prices have now risen 7.6% since bottoming out in January, and are just 0.5% below the record-high recorded in April last year.
As the graph shows, Sydney, Melbourne, Brisbane, Perth and Adelaide recorded year-on-year growth, while Hobart, Darwin and Canberra recorded annual declines. That said, prices rose in all capital cities over the quarter.
Brisbane, Perth and Adelaide all posted record-high median property prices in October, with Sydney (2.2% below its peak) and Melbourne (3.7% lower) close to record territory.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.