Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Australian house prices stand firm

Staff Reporter 3 minute read

Australia’s property market defied the slowdown in the first quarter of 2009, with property prices rising according to two new property reports.

RP Data and Rismark International’s national dwelling index released yesterday rose 1.6 per cent over the first three months of the year while Australian Property Monitors (APM) today reported a quarterly rise in national house prices of 0.1 per cent.

While the figures differ slightly both confirm the Australian residential property market is holding up well in the face of the economic slowdown – particularly in comparison to foreign counterparts such as the US where prices have fallen in excess of 20 per cent.

Over the quarter Darwin has proven the strongest performer with unit prices increasing in excess of 9 per cent, according to APM.

Advertisement
Advertisement

Capital City Dwelling Values – end March 2009

(RP Data/Rismark)

Sydney – Up 2.4% to $514,695

Melbourne – Up 2.4% to $426,423

Brisbane – Up 1.3% to $425,433

PROMOTED CONTENT


Adelaide – Down 0.3% to $393,183

Perth – Down 0.7% to $466,034

Darwin – Up 2.8% to $432,091

Canberra – Up 1.4% to $455,797

 

Australian house prices stand firm
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Darren Stratford Dianne Robinson Kristie Oldfield ta RedZed appoints BDMs, product manager

The lender for self-employed borrowers has appointed two BDMs in ...

digital money ta Wisr closes $5m raise

Wisr has wrapped a $5 million capital raise to accelerate its loa...

digital signatures Suncorp enables e-signatures on post-approval loan docs

The non-major bank has said that it will accept e-signatures on p...