“Across the individual capital cities, the market performance has been quite diverse.”
The national housing market has continued to show growth over the past quarter with capital city home values increasing by a further 2.7% according to the CoreLogic Home Value Index. The increase in values has taken the total value of residential property nationally to $6.7 trillion at the end of October 2016. The annual rate of value growth has been recorded at 7.5% to October 2016 and although that is a lower rate of growth than the 10.1% a year earlier, it has trended higher from a recent low of 6.1% in July 2016 as housing market conditions have accelerated over the second half of the year in Sydney, Melbourne and Canberra.
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