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Sydney house prices stumble

Fresh research has shown that for the first time in three years, Sydney’s quarterly dwelling price growth has experienced a decline.

 

The ABS data showed that Sydney’s residential property prices decreased by 1.6 per cent in the December 2015 quarter. However, the Harbour City recorded annual price growth of 13.9 per cent last year.

Darwin experienced the worst quarterly price growth of all capital cities – down 1.8 per cent – while its annual price growth slowed by 3.2 per cent.

Canberra was the best performing capital for price growth in the quarter at 2.8 per cent, while its annual price growth was at 6.0 per cent.

Hobart was the next best capital for quarterly growth at 2.5 per cent, while its annual price growth was at 3.5 per cent.

Melbourne’s quarterly price growth was 1.6 per cent, while its annual growth was 9.6 per cent. Brisbane’s quarterly price growth was also 1.6 per cent, and its annual growth was 4.2 per cent.

Adelaide’s price growth for the quarter was 0.9 per cent, while Perth’s finished at 0.5 per cent. The South Australian capital also experienced annual price growth of 3.3 per cent, while Perth’s annual price growth was down 2.9 per cent.

The weighted average quarterly price growth for the eight capitals was at 0.2 per cent, and at 8.7 per cent for the 2015 calendar year.

Sydney house prices stumble
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Anonymous - Why does this get all the media attention when in reality it affects very few and the charges are minimal? How about reporting on all the ISA TPD.......
Anonymous - This got to be the smartest comment this century ?!....
nan - So what do you do if you are being ripped of and then can't afford the body corporate fees....
MarkL - The banks may not charge dead people any more ........... but they won't charge them any less either!....