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Thursday, 2 December 2021

Brisbane leads price growth

Brisbane/Adelaide price rises

Brisbane recorded 2.9 per cent dwelling price growth in November, while Adelaide also saw a 2.5 per cent increase.

Over the past year all capital cities have experienced strong growth, with prices up 21 per cent for the capital cities (and 25 per cent for the combined regional markets). 

Source: CoreLogic

Although prices increased in the month across seven of the capital cities the trend figures suggest more balanced market conditions in Sydney, Melbourne, and Perth, as more listings come online.

Stock levels do remain very tight for this time of year, but are now clearly increasing.

CoreLogic also reported strong ongoing growth in rents, at 0.7 per cent for the month.

Source: CoreLogic

The full monthly report from CoreLogic can be found here.