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1.Market Observations, 8.Was Sticky

4 Jan 2017 (TheAge) – Australia’s new five speed property

(4 January 2017, The Age, BusinessDay, p19, Elizabeth Knight)

‘So remember how 2016 was meant to be the year the housing bubble started to seriously deflate? Well in the major city markets of Sydney and Melbourne little oxygen escaped with dwelling values rising more than 15 per cent and more than 13 per cent respectively. The love affair with residential property doesn’t appear to be over yet. The yearly gains were boosted by a surge in prices over December after more modest gains in November – an outcome that few had anticipated.’

Read more at TheAge.com.au

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