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Domain (formerly APM) has released its stratified median house and unit price results for the September quarter, which shows a strong acceleration of price growth over the quarter in the two major markets (via The AFR):
As shown above, house prices rose strongly in Sydney, Melbourne and Canberra over the September quarter, but were basically flat or fell elsewhere. Over the year, Melbourne was the clear leader recording near double digit growth – way above the other capitals.
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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.
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