Dwelling prices rise 1.4% in June

July 09, 2014
Melanie O'Connell

If you've purchased property as an investment strategy over the past few years especially in Sydney you'd be happy with your return on investment YoY of 15.7%...

After falling 1.9% in May, capital city dwelling values rose 1.4% last month to take the full financial year gain to 10.1%. 

Market expectations this financial year is for another year of growth but more in the mid single digit range which from a sustainability perspective is far more desirable.

Here's how your state fared: 

                      June14     Qtr        YoY
Sydney              1.7%     1.0%     15.7%      
Melbourne          1.8%     -2.4%      9.4%
Brisbane            1.3%      0.7%      7.0%
Adelaide            -0.7%     0.4%      2.9%
Perth                  1.2%     0.6%      5.2%
Hobart                0.0%    -0.5%      2.5% 
Darwin               -3.0%    -1.0%      5.7%
Canberra             0.5%    -0.5%      2.9%
Combined            1.4%    -0.2%     10.1%


Posted in: Property investment

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