House prices are still rising

CoreLogic RP Data’s latest home value data reveals that results revealed that capital city dwelling values rose 9.8 per cent over the year ending June 2015.

The rate of gain increased over the course of the year. Sydney was the best performing capital city followed by Melbourne, Adelaide and Brisbane.

Perth, Canberra and Hobart dwelling values fell slightly in the three months to 30 June. Darwin prices fell significantly, by 3.1 per cent over the quarter.

Source: Mortgage Business