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MARKET NEWS

AUD$8 billon from foreigners

Australian capital city house prices grew at their fastest annual pace since May 2010.

 

This year house prices grew 1.4% nationally in March from February, taking on-year growth to 12.9%.

 

Sydney property prices rose 1.4% in March and by 18.9% on-year, while Melbourne prices grew by 4.2% over the month and 15.9% over the year.

 

The latest report on the housing markets in two major Australian cities of Sydney and Melbourne has revealed that foreign investors are investing over $8 billion Australian dollars per year into the sector.



Published: 02 April 2017