Pete Wargent blogspot

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

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Monday, 30 November 2015

Residex market update

Great Residex wrap as usual - read it here

Sydney median house prices were up by 1 per cent in October to be up by 21 per cent over the year to $1,058,500.

Sydney median unit prices were also up by 1 per cent in the month to be up by 15 per cent over the eyar to $684,500.

There has also been moderate growth over the past year for Brisbane houses (4 per cent) and units (3 per cent).

Interestingly Melbourne has now picked upp the pace, with house prices in the Victorian capital recording growth of 7 per cent in the last quarter alone to be 11 per cent higher over the year. 

On the other hand, some moderate declines were recorded in other cities and regions. 

Find out how your city or region is tracking here

Table 1 October Statistics Summary

In other news, there was a very strong result recorded for the Reserve Bank's Financial Aggregates.

More detail to follow...