Sydney leads charge in value growth

Sydney has again led the charge in growth in Australian home values, recording a growth rate of 1.1% for the month of August. The city was well above the national average rise in dwelling values of 0.3%.

Just two other cities – Adelaide (0.7%) and Darwin (0.3%) – recorded growth in home values while Melbourne and Brisbane were flat during the month of August. Australia’s other capital cities recorded a month-on-month fall in dwelling values of up to 1.7%.

The CoreLogic RP Data Home August Value Index showed more encouraging growth rates for the rolling quarter, with Melbourne trumping Sydney as the best performing capital for the three months to the end of August.

The Victorian capital recorded a growth in dwelling values of 8%, nudging ahead of Sydney at 7.4%

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