Capital city average home price exceeds $600,000
2015-09-25You’ll need more in your budget if buying in the nation’s capitals according to Australian Bureau of Statistics (ABS) data – and you can thank our two largest cities.
The ABS numbers reveal property prices in our eight major cities rose 4.7 per cent over the three months to the end of June.
In dollar terms, the figure is up $26,000 in the June quarter 2015.
Sydney saw prices surge 8.9 per cent in the June quarter, with a rise of 18.9 per cent over the 2014/15 financial year.
Melbourne won silver with price growth of 4.2 per cent in the latest quarter, and an annual rise of 7.8 per cent.
Beyond the two big capitals, price gains were relatively flat, with all other cities having less than one per cent gain over the quarter, and less than three per cent for the year.
Perth and Darwin actually recorded annual price retractions of 1.2 per cent and 1.8 per cent respectively.
Source：http://www.apimagazine.com.au/api-online/news/2015/09/capital-city-average-home-price-exceeds-$600000
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