Perth's run at Sydney Falters
The resources boom in the west saw Perth House prices take off in 2005 after Sydney's housing boom had peaked. Interest then turned to whether the median price of a Perth House might eclipse that of Sydney. Well after coming within $20,000 over the previous two quatters, Sydney has kicked away in the June quarter to open the gap to over $60,000 (Sydney $530,000 and Perth $463,000).
Household weighted national average for the 8 state capitals is now $421,000 and annual increase has nudged back to positive territory (up 1.3%) for the first time in 3 years. You can graph prices and increases in the Research Centre using Data Series Graping.
Posted Sunday, 26 August 2007
Recent News
- Friday, 27 Nov 2020 - RIR and Why Oz needs a Heath System Tax (HST)
- Saturday, 11 Apr 2020 - Back to Work with Covid-19? - Not so Fast!
- Tuesday, 7 Apr 2020 - Key people charting the Australian Recovery
- Wednesday, 1 Apr 2020 - Population Mortality effects of CoVid19
For past news items, visit the News Archive.
All images and text Copyright © Financial Demographics ABN 66 196 570 592. All Rights Reserved.
Copyright Statement | Disclaimer | Privacy Policy