Residential Property values hit $5 trillion mark

The total residential property value for the December 2013 quarter has reached $5.02 trillion for the first time, according to the Australian Bureau of Statistics. The values are up from the previous quarter which ended at $4.83 trillion.

The residential sector as of this time comprises of 9.3 million properties with a median price of $539,400, from $496,800 the same time the previous year. Sydney leads all capital cities in growth rate with Perth running in second at a 3.5% growth in December.

Read more about this on the Perth Now website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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