The Year in Review: House Price up by 10% in 2013

Capital cities posted a 10% increase in house prices last year, the highest in a 4 year span. Triggered by low interest rates and increased demand for property, the median home value for capital cities ended at $540,000.

Sydney had the highest increase at 14.5%, where the median price is at $655, 250. Hobart is the city with the least change at 2.2%, where median price is at $330,000. Home values are expected to decrease in the coming year with an increase in construction. 2013 was the property market’s best performance in 4 years.

Read more about this on the Sydney Morning Herald 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.

Leave a Reply

Your email address will not be published. Required fields are marked *