APM: House price growth slowing

Advertisement
ScreenHunter_07 Mar. 20 20.55

By Leith van Onselen

Australian Property Monitors (APM) (now called Domain Group) has released its September quarter house and unit price results (below), which recorded a 1.2% increase in house prices over the quarter at the national capital city level, and a 0.3% rise in national capital city unit prices.

In the year to September 2014, APM recorded an 9.4% increase in national capital city house prices and a 6.8% rise in unit values – a deceleration from the 11.0% (houses) and 8.5% (units) annual growth recorded in the June quarter release.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.