Melbourne goes backwards, Perth prices rise $1,000 a day for a year
Australian property prices have “found their groove” in rising by between 0.5 and 0.8 per cent since February, with June delivering another 0.7 per cent increment.
The differing property journeys of Perth and Melbourne typify the current two-speed nature of the real estate market in Australia. (Image source: Shutterstock.com)
Australian property prices have “found their groove” in rising by between 0.5 and 0.8 per cent since February, with June delivering another 0.7 per cent increment.
The year’s strong property price growth has also translated into the number of new million dollar median suburbs leaping by 17.5 per cent.
Data released Monday (1 July) by Ray White Group also showed that this benchmark median property price had quadrupled to 857 suburbs since 2014.
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