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Middle Market Prices Rise

06 July 2020 by News Desk

The top end of the property market – the most expensive properties – has traditionally led the growth in Australia property values.

However in April the top end had the lowest monthly rise (+0.3%) in Sydney.

In comparison the middle part of the market had a +0.6% increase in property values.

House prices in Sydney grew by 0.3% (average price $1,026,418). Units increased in value by 0.6% (average price $777,940).

Overall, both clearance rates and average prices have increased.

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/

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