Australasia

Sydney and Melbourne lead property price growth in Australia, official figures show

Residential property prices in Australia increased by 4.1% in the final quarter of 2016, the strongest quarterly growth recorded since June 2015, according to latest official figures to be published. Melbourne recorded the largest increased through the year of all capital cities with a rise of 10.8% followed closely by Sydney with a rise of […] The post Sydney and Melbourne lead property price growth in Australia, official figures show appeared first on PropertyWire . Continue reading

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Regional property markets in New Zealand outpaced Auckland in February

Property prices in two out of 12 regions in New Zealand hit new record high median sale prices in February 2017 as Auckland was outpaced, the latest index shows. Central Otago Lakes recorded the largest percentage increase in median price compared to February 2016 at 30%, followed by Northland at 20% and Otago at 18%. […] The post Regional property markets in New Zealand outpaced Auckland in February appeared first on PropertyWire . Continue reading

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New home sales market in Australia peaked in December but outlook still good

New home sales in Australia weakened at the beginning of the year, down 2.2% in January, according to the latest figures from the country’s biggest builders. It means the market is tailing off from the largest and longest new home building cycle ever but overall the outlook is still good, says the first key new […] The post New home sales market in Australia peaked in December but outlook still good appeared first on PropertyWire . Continue reading

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