Sydney’s 8.5% quarterly house price rise largest in three decades

Sydney’s 8.5% quarterly house price rise largest in three decades

The Guardian

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Data also shows large upswings in other Australian capitals, and outside major cities, fuelled by record-low interest rates

Sydney’s property market has recorded its largest quarterly increase in almost three decades, with the median cost of a house in the emerald city now a staggering $1.31m.

New housing data from property website Domain shows house prices surged by 10% across the capital cities in the past year, led by a staggering 19.5% increase in the nation’s capital, Canberra, and double-digit surges in Hobart, Adelaide and Sydney.

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