Get notifications in real-time for staying up to date with content that matters to you.
Australian residential property prices grew by a stunning 12.34 per cent over the last year in spite of spiralling housing affordability and the impact of the US sub-prime crisis.
The latest figures revealed in the RP Data-Rismark Property Index conclude that despite rising funding costs, Australians are seemingly yet to be deterred from buying property.
Adelaide remains the best performing housing market with an overall increase of 24.3 per cent in property values in the 12 months to September 30. Elsewhere, Brisbane increased by 20.0 per cent followed by Melbourne 17.6 per cent, Darwin 15.0 per cent, Canberra 14.9 per cent with Sydney at 6.9 per cent.
Who do you aggregate through?
Thank you for your vote, you can see the results here.
Court rules against bank for ‘unfair’ loan terms
The Federal Court has declared a number of loan contracts entered...
RBA, APRA sing different tune on serviceability buffers
APRA chair Wayne Byres has dismissed the need for a cut to the bu...
Remodelled FHB scheme cops backlash
From 1 July, all applications for the FHLDS will require a Notice...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
