Annual Property Price Growth: Weakest Since 2013
The ABS has published figures which show residential property price growth is at it weakest since March 2013. The figures also show a decline of 10.7% from a year ago.
For the 2016 September quarter Perth and Darwin saw prices fall. Sydney recorded the largest quarterly residential property price growth of all capital cities, with house prices rising 2.9 per cent and attached dwellings 2.1 per cent.
Melbourne recorded the strongest through the year growth of 6.9 per cent, followed by Hobart at 6.8 per cent.
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