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1.Market Observations, 8.Was Sticky

3 Sept 2019 (AFR) – ‘Significant’ step up in house price growth

(3 September 2019, AFR, p1, Ingrid Fuary-Wagner, Reporter)

Change in property values across capital cities in August (CoreLogic)

Change in property values across capital cities in August (CoreLogic)

‘Cheap money compounded by a looming housing shortage could push property prices 20 per cent higher over the next couple of years, with competition among house hunters already ramping up just three months into a market recovery. A backlog of eager buyers tussling over limited stock led to a surge in prices in Australia’s two biggest property markets over August, with property values increasing 1.6 per cent in Sydney and 1.4 per cent in Melbourne, following much milder growth in June and July.’

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

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