According to ABC news today,
Brisbane has posted the biggest increase in house prices of any Australian capital city, with a rise of 1.5 per cent in August.The latest RP Data-Rismark home value index shows Brisbane's median house price has grown by 4.8 per cent in the past year to $429,000. Although the overall pace of growth in Australia's eight capital cities has slowed to 0.5 per cent, down from 1.6 per cent in July and 1.9 per cent in June, RP Data research director Tim Lawless says the result shows prices are growing at a more sustainable level than in the past.
"I think what we're seeing in August is a seasonally weak month," he said."We are expecting in the Spring season that there will be quite a strong market for Australian properties."
It all bodes well for anyone deciding to get into the market, especially as an investor. At Mortgage Choice at Sutherland we can put you in touch with trusted experts who will help you research and assist you to make informed decisions.
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