Advertisement
Residex has released its house and unit price results for December, which revealed a 0.65% rise in Australian house values over the month and a 0.83% rise in unit values. Over the year, house values rose by 6.70% nationally, with unit values up by 6.67%:
As shown above, Sydney (18.36% YoY) and Melbourne (13.00% YoY) were the clear drivers of house price growth in 2015, whereas Western Australia (Perth -0.66% YoY; WA country -6.62% YoY) was the sole detractor.
Advertisement
The full text of this article is available to MacroBusiness subscribers
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.
Advertisement