Australian house prices record biggest monthly rise since 2003

Prices up 1.7% nationwide, driven by Sydney and Melbourne, with rises of 2.7% and 2.2% respectively

House prices surged 1.7% across Australia in November, the rapidly reviving market recording the biggest monthly rise since 2003, according new figures.

The value of homes rose for the fifth month in a row driven by Sydney and Melbourne, where prices were up 2.7% and 2.2% respectively last month, the research firm CoreLogic said on Monday.

Continue reading…
Source: The Guardian
Australian house prices record biggest monthly rise since 2003

Australian house prices record biggest monthly rise since 2003

Prices up 1.7% nationwide, driven by Sydney and Melbourne, with rises of 2.7% and 2.2% respectively

House prices surged 1.7% across Australia in November, the rapidly reviving market recording the biggest monthly rise since 2003, according new figures.

The value of homes rose for the fifth month in a row driven by Sydney and Melbourne, where prices were up 2.7% and 2.2% respectively last month, the research firm CoreLogic said on Monday.

Continue reading…
Source: The Guardian
Australian house prices record biggest monthly rise since 2003