Powered by MOMENTUM MEDIA
the adviser logo
Growth

National property prices rise 12.5 per cent

by Staff Reporter2 minute read

Australian property prices rose 12.5 per cent over the twelve month period ending September 2007.

Adelaide property led the way with the median dwelling price climbing 20.1 per cent to $366,590. Brisbane followed closely with a price growth of 18.9 per cent; Melbourne also recorded a solid increase of 16.6 per cent. 

To continue reading the rest of this article, create a free account
Already have an account? Sign in

RP Data research director Tim Lawless described Adelaide’s growth as the result of “above average rental yields and strong prospects for capital growth”.

Broader Sydney prices moved steadily at 7.2 per cent; Canberra experienced a 12.3 per cent rise in average costs.

Darwin recorded a 1.6 per cent rise whereas Perth experienced the nation’s only drop with minus .05 per cent.

 

National property prices rise 12.5 per cent
default
TheAdviser logo
default

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

daniel tuttlebee resimac asset fInance ta l27zun

Resimac takes controlling stake in Sonder

Resimac Asset Finance has expanded its acquisition stake in equipment finance business Sonder Equipment Finance...

READ MORE
asic ta 2

ASIC seeks ‘common-sense solutions’ to breach reporting

The Australian Securities & Investments Commission (ASIC) has committed to “improving” the operation of the...

READ MORE
andrew mills homestart ta htfetw

HomeStart drops graduate loan deposit to 2%

HomeStart Finance, a non-bank lender backed by the South Australian state government, has lowered the deposit hurdle...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
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
Read more