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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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House values up but growth may have peaked

By Staff Reporter
02 December 2014 | 1 minute read

Australia’s house values have continued to increase in all of the capital cities, with only Sydney posting double-digit growth.

Sydney’s median house price is now $825,000, after rising 14.3 per cent during the 12 months to 30 November 2014, according to CoreLogic RP Data.

Melbourne grew 9.0 per cent over the year to $633,000, although house prices actually declined 1.7 per cent over the quarter.

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House values also increased in Brisbane by 6.2 per cent and Hobart by 5.9 per cent, with median prices of $475,000 and $335,000 respectively.

Adelaide house values rose 3.0 per cent with a median price of $421,000, while Darwin grew 2 per cent with a median price of $564,000.

Canberra’s house prices grew 1.8 per cent with a median of $560,500, and Perth’s rose 1.5 per cent with a $530,000 median.

CoreLogic RP Data’s senior economist Cameron Kusher said that although home values have increased, most cities have now moved past their peak in annual growth.

“Importantly, this has become apparent in the two largest capital cities – Sydney and Melbourne – where annual value growth peaked at 16.7 per cent in April 2014 and 11.9 per cent in January 2014,” he said.

“Although Sydney and Melbourne appear to have moved through their peak periods, capital growth conditions have consistently been the main drivers of value growth over the past 12 months.”

House values up but growth may have peaked
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.