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From Bust to BOOM!

According to this article in PROPERTYNOISE.COM.AU on 3rd September 2019, Sydney and Melbourne property prices SOAR after interest rate cuts and Coalition election win… From bust to BOOM!

  • CoreLogic real estate data shows surge in Sydney and Melbourne median prices
  • Sydney’s median house price rose 1.5 per cent in August for third straight month
  • Melbourne’s equivalent detached home value climbed 1.3 per cent last month
 
From Bust to Boom

Photo: Sydney led the recovery, with median apartment prices surging by 1.8 per cent in August as equivalent house prices rose by 1.5 per cent, CoreLogic data showed (pictured is a Victorian-era cottage at Woollahra in the city’s eastern suburbs)

House and apartment prices in Sydney and Melbourne have climbed for the third month in a row, new data from CoreLogic showed. CoreLogic research director Tim Lawless said record-low interest rates, relaxed lending rules and the re-election of a Coalition government appeared to be working. ‘The significant lift in values over the month aligns with a consistent increase in auction clearance rates and a deeper pool of buyers.

Source: Propertynoise.com.au, 3rd September 2019