Property Growth Despite Mediocre Results For September

Three capital cities posted a property value growth despite flat results for the month of September, finishing at a 0.1% value increase according to RP Data.

Five capital city values fell, with the exception of three capital cities led by Adelaide, which finished at a 0.9% increase, followed by Sydney and Brisbane at 0.8% and 0.7% respectively. Despite the poor performance for September, capital city values are still 9.3% higher than the same time last year.

Capital gains for the quarter are still impressive, with Sydney leading all capital cities at a 4.1% gain, followed by Melbourne at 3.7%

Read more about this on the Property Wire website.