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1.Market Observations, 8.Was Sticky

27 Oct 2016 (AFR) – Second wind: Sydney, Melbourne house prices at new highs in September, Domain says

(27 October 2016, AFR, p4, by Michael Bleby)

‘Median house prices in Melbourne and Sydney rose to new highs in the September quarter on low interest rates, migration and strong local economies, Domain Group figures show. The recovery that pushed Sydney’s median price 2.7 per cent higher, back above its previous record to $1,068,303, is likely to drive price growth for the remainder of the year, according to the latest Domain House Price Report.’

Read more (and see the table of median housing price change) at AFR.com (might need AFR login access, or try: AFR.com/trial)

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