House Prices Up In Australia, Except Sydney

 
 
February 15th, 2007 • Related • Filed Under

House prices rose an average of 8.3 percent in Australia last year, rising in all state capitals except Sydney.

The biggest gains were seen in Perth, where this week the state government launched a scheme to help low and middle income families buy their first homes.

Price increases in Perth appear to be slowing, though, rising just 1.7 per cent in the final three months of 2006, compared with the annual rise of 37 per cent.

During 2006, house prices rose in Perth (+36.9%), Darwin (+17.6%), Canberra (+9.2%), Melbourne (+8.1%), Brisbane (+7.1%), Hobart (+7.1%) and Adelaide (+6.4%), and fell slightly in Sydney (-0.1%). (Source: Australian Bureau of Statistics)

 

Post a Response