Dear Reader The HIA Economics Group has today released a Discussion Paper Residential Property Prices in Sydney: Some Observations. There has been considerable attention recently on housing price developments, with a keen focus on the Sydney market. While dwelling prices in Sydney have increased by 13 per cent over the past twelve months, this must be taken in the context of much slower price appreciation in Sydney relative to major cities like Melbourne, Brisbane and Perth over the past decade. Thus, recent price growth represents a ‘catching up’ process in the Sydney market. When we look at the relationship between rents, house prices and mortgage interest rates, we see that recent house price growth in Sydney is not unwarranted given the fundamentals of the market. Please click here download For further information please contact Shane Garrett on 0416 633 261. Kind regards Housing Industry Association Ltd 79 Constitution Ave Campbell ACT 2612 p 02 6245 1393 f 02 6257 5658 hia.au
Posted on: Thu, 03 Oct 2013 06:34:06 +0000
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