Original article by Mackenzie Scott
The Australian – Page: 5 : 3-Sep-19
New data from CoreLogic shows that house prices rose by 0.8 per cent nationally in August, which is the first increase since October 2017. CoreLogic’s latest Hedonic Home Value Index also shows that house prices in Sydney and Melbourne rose by 1.6 per cent and 1.4 per cent respectively in August, while Perth and Darwin were the only two capital cities to record a fall in house prices. Shane Oliver of AMP Capital says rising auction clearance rates suggest that house prices will continue to increase over the next 9-12 months.
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