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Median Values & Growth Rates

Although values have risen by 10.2 per cent over the past year the rate of growth has decelerated slightly from a recent peak in annual growth of 11.5 per cent in April 2014. On a rolling three month basis value growth peaked at 4.0 per cent in August 2013 and has been recorded at a much more moderate 1.1 per cent over the three months to July 2014. While values continue to rise they are doing so at a slower pace than they were a year ago.

Over the 12 months to July 2014, Sydney home values have increased by 14.8 per cent and Melbourne home values are 11.0 per cent higher. The next best performing city for growth over the year was Brisbane with a much lower value increase of 6.9 per cent. It is important to note that like the combined capital cities, the annual rate of growth across Sydney and Melbourne has recently peaked. Sydney’s annual rate of value growth peaked in April 2014 at 16.7 per cent and in Melbourne it peaked at 11.9 per cent in January 2014.

Take a look below at the median price growth for the three months to august:

August Median House Price

(sourced from RP Data)

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