Dwelling prices rise 1.4% in June

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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