Over the past 12 months, property value added on 17% in Sydney and 10% in Melbourne
Date：2014/07/24
Although Australia is in winter, but there is not cooling in real estate market, property value maintain the healthy momentum of growth.
Almost all of Australia city’s property price are rising between March to June of this year, lead the median property price soared nearly 11%.
Sydney property price growth is still leading the country, median house rising of AUD $100,000 in last 12 months, or 17% growth.
According to the latest report from Australia Property Monitors (APM), Sydney median property value had reached a high record of $812,000.
Melbourne was recorded 10% growth, to $608,000.
Senior economist of APM Dr. Andrew Wilson said, property price index reflects the fiery degree of Australia real estate market.
He said: “Most cities are maintain or exceed the strong growth compare to last quarter”.
"Housing loan, liquidation rate also indicate the growing of real estate market".
In the 2013-2014 fiscal year, Canberra is the only one that is no growth, which the median property price fell 0.5% to $576,000.
In addition, Australia condominium price is even more diverse.
Sydney condominium price achieve a 13.3% growth, and stimulating the national condominium price to increase of average 8.3%. However, Brisbane, Canberra and Hobart pricing are falling.