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
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
