Australia Property Prices

24 May 2020 by News Desk   |   SHARE  

Australia Property Prices increased by +0.7% in the past month, +2.7% for the quarter and +7.5% for the year.

Industry analysts report that second half of March saw a weakening in growth as a result of social distancing rules and a fall in consumer confidence.

Top performing capital cities for the month were Darwin (+2.0%), Sydney (+1.1%), Brisbane (+0.6%), and Canberra (+0.6%).

Over the past quarter, the best performing capital cities were Sydney (+3.9%), Melbourne (+2.9%) and Canberra (+1.7%).

Every capital city sub-region saw a rise in housing values over the March quarter, including the Perth sub-regions that previously had a long-running downturn.

Sydney and Melbourne sub-regions are leading the way for annual change in dwelling values.

Are you thinking about property in Australia – for work, for migration or for investment purposes?
We have a team of local experts who cover all aspects of renting and buying property, including specialist mortgage advisors and licensed estate agents. Find out more at: https://www.thinkingaustralia.com/property/

Are you thinking about living and working in Australia? Contact us today – send us your CV, fill out our ‘helpline’ form and we will provide an express eligibility assessment free of charge.

https://www.thinkingaustralia.com/migration/eligibility-enquiry/

Check out our news page for daily updates https://www.thinkingaustralia.com/news