Home values rise in Adelaide but start to fall in Melbourne and Sydney

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Adelaide recorded the highest growth in property prices during November. It’s median dwelling value rose by 0.7 per cent to $410,000.

HOME values have started to fall in Sydney and Melbourne as the period of extraordinary price growth in the southern states begins to cool

The two powerhouse markets weren’t the only ones to experience a drop in property values with the latest CoreLogic RP Data November home value index revealing a drop in values in five of the eight capital cities in Australia during November.

AUSTRALIA’S CHEAPEST OCEAN SUBURBS

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But Adelaide has bucked the trend with the highest growth in the nation. Prices rose by 0.7 per cent in November, bringing the median dwelling value to $410,000.

The poor monthly results for most of the nation mean that dwelling values across the combined capital cities is now 1.5 per cent lower than it was last month.

Source : AdelaideNow

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