Residex market update: Pete Wargent

Residex market update: Pete Wargent
Residex market update: Pete Wargent
Sydney median house prices were up by 1% in October to be up by 21% over the year to $1,058,500.
 
Sydney median unit prices were also up by 1% in the month to be up by 15% over the eyar to $684,500.
 
There has also been moderate growth over the past year for Brisbane houses (4%) and units (3%).
 
Interestingly Melbourne has now picked upp the pace, with house prices in the Victorian capital recording growth of 7% in the last quarter alone to be 11% higher over the year. 
 
On the other hand, some moderate declines were recorded in other cities and regions. 
 
 
Residex market update: Pete Wargent
 
In other news, there was a very strong result recorded for the Reserve Bank's Financial Aggregates.
 

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.

His latest book is Four Green Houses and a Red Hotel.

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

Tags: 
Median Price Market Growth

Comments

Be the first one to comment on this article
What would you like to say about this project?