Login
ISCOVER
Four of the country’s capital city housing markets experienced negative growth in April, Residex revealed on Friday.
Melbourne, Sydney, Hobart and Perth all recorded negative price growth of between 0.21 per cent (Hobart) and 0.74 per cent (Melbourne) over the month.
Adelaide’s housing market performed the best during the month; it acheived solid price growth of 2.33 per cent. The median house price in Adelaide now sits at $376,500 – almost 20 per cent up on April 2007.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
Outside the capital cities, regional housing markets benefited from the resource boom – country WA, Queensland and SA all achieved monthly price growth of 2.20 , 1.50 and 2.37 per cent respectively.
Published: 19-05-08
JOIN THE DISCUSSION