Move over Sydney, Melbourne takes over as the best performing capital city over the past twelve months

Move over Sydney, Melbourne takes over as the best performing capital city over the past twelve months


Jim Byrne ON 01 Feb 2016

 

Dwelling values across Australia’s capital cities were 0.9% higher in January driven partially by a rebound in Sydney and Melbourne.  The recent growth conditions have pushed the Melbourne market into first place for annual growth in dwelling values with an 11.0% rise compared with Sydney where values are 10.5% higher over the past twelve months.

According to the January 2016 CoreLogic RP Data Hedonic Home Value Index results released today, dwelling values across Australia’s combined capital cities showed a 0.9 per cent rise in January after recording no change in December and a 1.5 per cent drop in November.

 

Read the whole story here 

http://corelogic.com.au/media-release/move-over-sydney-melbourne-takes-over-as-the-best-performing-capital-city-over-the-past-twelve-months

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