By Graeme Salt
Housing prices rose 1.1 per cent nationally in October, led by strong gains in Perth, Brisbane, and Adelaide, though prices rose everywhere as the first homebuyer deposit guarantee scheme kicked into gear.
Prices were up in every city and every region, according to data house Cotality’s latest monthly home values report, released today.
Source: Cotality
Over the quarter, there were 5 per cent price gains in Perth, Brisbane, and Darwin.
Source: Cotality
Over the year, housing prices were up 6.1 per cent.
Source: Cotality
Cotality reported that in the capital cities the strongest price increases were in the middle (1.4 per cent) and lower (1.3 per cent) quartiles of the market, as first homebuyers compete with investors.
Graeme Salt is an award-winning mortgage broker who has assisted hundreds of clients buy properties throughout Australia. For a no-obligations consultation on your home loan needs please contact him on 02 9922 5055.
