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1.Market Observations, 8.Was Sticky

2 Aug 2019 (AFR) – House prices rise for second month in a row

(2 August 2019, AFR, p3, Ingrid Fuary-Wagner, Reporter)

Change in dwelling prices (Corelogic, AFR)

Change in dwelling prices (Corelogic, AFR)

‘Sydney and Melbourne have recorded positive house price growth for the second month in a row following almost two years of continuous falls, as a lack of stock prompts bursts of vigorous buyer competitiveness across the two cities. Five of the eight capital cities recorded a subtle increase in property values over July, rising 0.2 per cent in Sydney, Melbourne and Brisbane, 0.3 per cent in Hobart and 0.4 per cent in Darwin, according to CoreLogic’s latest hedonic home value index.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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