Australian dwellings valued at $6 trillion after capital city home values surge 2.8% higher in July

Graeme Salt Uncategorized Leave a Comment

CoreLogic RP Data Hedonic Home Value Index, July 2015 results
Released: Monday, August 3, 2015

Melbourne and Sydney continued to set a rapid pace for capital gains in July, pushing the CoreLogic RP Data Home Value Index 2.8% higher over the month and 11.1% higher over the past year.

The two tiered growth evident across Australia’s housing markets continued through July with Sydney and Melbourne continuing as the two capital cities driving home values higher. The growth, together with new stock additions to the market, was enough to push the aggregated national value of all dwellings past the $6 trillion mark.

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