Annual CPI inflation increased to 3.5 percent in the December quarter
◘ Annual CPI inflation increased to 3.5 percent in the December quarter, due to higher dwelling construction costs and automotive fuel prices.◘ Trimmed mean annual inflation, which excludes large price rises and falls, increased to 2.6 percent, the highest since June 2014.◘ Rising construction costs drive higher prices for new dwellings◘ High levels of building […]
The mean price of the residential dwelling in Australia is now valued at $920,100
The national average price for residential real estate has beat the one million dollar mark for the first time. The mean value of real estate in Australia is now $920,100 according to Domain’s latest House Price Report. Domain chief economist Andrew Wilson said the $20,000 jump was driven by strong growth in capital city markets […]
Australia’s eight capital cities grew 23.7 per cent over the last 12 months
New data released by the Australian Bureau of Statistics (ABS) has suggested that the last 12 months have seen capital city property values soar to new heights, with the statutory agency reporting its largest-ever recorded annual growth. Check out the full details here.: https://bit.ly/3JjhXUR
