Sydney Leads The Way In House Price Increase

Home values have been on an upward trend – thanks to Sydney, as it led all capital cities with a 1.8% gain in the 3 months to June, according to the Australian Bureau of Statistics. House price index rose to 10.1%, the third straight month that it has hovered above the 10% mark.

Over the year, Sydney house prices rose by a staggering 15.6% to June, followed by Melbourne with a 9.3% gain. Despite the huge gains, house price data is still at manageable levels, with recent announcements by the Reserve Bank to keep the interest rates at a record low 2.5%

Read more about this on the Australian website.

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Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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