Sydney housing price rose up 15.4% annually, Melbourne ranked second, up to 9.4%.
Date：2014/07/24
[Epochtimes.com]The latest data show for 2013/14 financial year, overall rose of 10.1% for property in Australia cities. Following by fell of 1.9% in May, these cities housing price increase of 1.4% in June.
Sydney housing price is the leading position in Australia market, an increase of 15.4%, Melbourne ranked second, up to 9.4%.
According to the AAP news, recently Australia’s most comprehensive property data provider RP Data announcement of property index, the largest increase for 2013/14 financial year was Sydney and Melbourne, respectively 15.4% and 9.4%. Brisbane housing price rose 7%. The weakest growth is Hobart, was 2.5%.
Director of RP Data Tim Lawless said, highest increase for only August, up to 4%. After that, housing price increase in a more sustainable level. He said: “This give a break for policy maker and those who want to join real estate market.”
Lawless estimated that due to the low interest rate will remain for a certain period, housing price will keep growing. As the variation of housing price, Lawless consider affected by seasonal factors.