Chris Zappone
January 31, 2011 – 12:01PM
Update Melbourne and Sydney led house price gains across the country in 2010 although the pace of the increase tapered off towards the end of the year, according to a real estate research group.
Among the major cities, Melbourne’s median house prices rose 8.4 per cent in 2010 and 1.1 per cent, seasonally adjusted, in the final three months of the year, to $505,000, RP Data/Rismark said.
Sydney’s house prices rose 6.6 per cent for the year and 0.9 per cent for the quarter to a median level of $525,000, the researcher found.
It's good to know that investments are doing well in Sydney. We can look forward to more investments in properties this year.
Article source: http://zincip.biz/2011/01/31/melbourne-sydney-lead-house-price-gains/
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