Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Monday, 3 August 2015

Sydney achieves record growth

June 2015 house prices

From Residex, Sydney house prices have accelerated to be up by 20.36 per cent over the past year to June 2015.

Sydney house prices jumped by 6.94 per cent for the past quarter alone.

Rents for houses in Sydney also boomed over past year on this index, up 12.4 per cent to $680/week. 

Sydney unit prices were up 15.44 per cent, with rents up 6.67 per cent to $560/week.

Not too much doing elsewhere, with prices down marginally for the quarter in Adelaide, and declining moderately over the past year in Perth and Darwin. 

Source: Residex