PROPERTY MARKET UPDATE House and unit price growth continued in September after reaching a new peak in July. Year-on-year, we’re now recording the strongest growth since mid-last year. House and unit price growth continued in September after reaching a new peak in July. year-on-year, we’re now recording the strongest growth since mid last year. Australian house prices increased by 6.1 per cent while units increased by 4.3 per cent over the past 12 months. The city recording the strongest growth for houses over the year is Perth, with prices up 8.6 per cent. Brisbane and Adelaide are recording the strongest increases for units, increasing by 6.8 per cent and 6.9 per cent respectively. While growth continues, the rate of monthly change slowed marginally in September compared to the previous month. While Perth houses continue to show the largest increases year-on-year, they saw a slight drop in September of 0.5 per cent. Adelaide units, also a very strong year-on-year performer, saw a decline during the month of 0.4 per cent. PRICE MOVEMENTS
RkJQdWJsaXNoZXIy MTI3ODI1