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

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Friday, 25 November 2016

Sydney home price hits new high

Nationally house prices rose by +3.1 per cent in the October quarter, while unit prices rose +1.1 per cent.

Sydney's median house price rose to a new high of $1,086,000 in October.

Residex noted that in New South Wales the 75th percentile saw its growth cycle peak latest, meaning that dwellings at the lower end of the market have been doing somewhat than average better of late. 

Brisbane median house price rose by +1.1 per cent in October to $510,500.

Meanwhile, Brisbane's median unit price is +1.8 per cent higher than a year ago at $388,000. 

However, in Perth the median house price was -1.9 per cent lower than a year ago at $503,000. 

Full report can be found here