How much are house prices rising in your city?
The Australian Bureau of Statistics reported that Sydney residential property prices grew by 12.2 per cent during 2014. Brisbane prices rose 5.3 per cent over 2014. Melbourne recorded 4.5 per cent annual growth.
Adelaide prices went up 2.5 per cent over the year. Hobart property prices climbed 2.2 per cent over 2014.
Canberra posted 1.7 per cent annual growth and Perth recorded 1.2 per cent. Inflation was 1.7 per cent during 2014.
Source: The Adviser