9News: House Prices bounce back in June

House Prices bounce back in June 2017

Peter Overton: House price growth has picked up again in Sydney, ahead of tomorrow interest rate decision from the Reserve Bank.

The picture across the country is, though, far less clear.

Were some capital cities are skyrocketing, some are spluttering and some are going backwards.

Ross Greenwood: House prices…they’re Australia’s Great Dividing Re-arrange.

Melbourne house prices – in the 12 months to June 30 – grew 15 percent. Sydney 13 percent, Canberra 9.7 percent.

Brisbane and Adelaide, though, barley kept with inflation.

Perth and Darwin prices kept falling.

But it’s the big capital cities driving interest rate and housing policy.

Scott Morrison: Our prudent measures are ensuring that we get to a safe landing in the housing market in Sydney and Melbourne – and avoiding a crash landing.

Ross: The Reserve Bank (RBA) makes an interest rate decision tomorrow. It’ll be on hold. But even the hint of rate rises next year is a wake-up call to homeowners in cities large and small.

Tony Morriss: Homeowners can’t assume that interest rates will stay at records lows forever…

Cameron Kusher: We’re seeing interest rates being lifted at the moment to investor; and that’s taking some of the demand out of the market.

Ross: The problem is, there’s only one official Reserve Bank interest rate for the nation and, broadly, banks and lenders charge the same across the country. So while Melbourne and Sydney might justify rate rises to cool their housing market…other states need rate cuts…but that’s not happening.

Tony: In the past three months, Melbourne apartment prices have fallen 2.5 per cent …in Brisbane 2.4% and Darwin down 11.7 percent.

Cameron: What’s driving the ongoing strength in Sydney and Melbourne is the rampant rate of population growth and the fact that those two cities, economically, are so much stronger than the rest of the country.

Ross: Ross Greenwood, Nine News

Other 9News for July and June 2017

26-07-2017 9News: Interest rate rises not coming anytime soon

25-07-2017 9News: Soaring energy prices put thousands at risk

19-07-2017 9News: Australian enjoy $140 million in Superannuation returns

04-07-2017 Ross Greenwood: Interest rates will remain on hold, so why are rises occupying minds?

29-06-2017 Happy Birthday Ross!

27-06-2017 9News: Christine Holgate announced as new Australia Post CEO

27-06-2017 Christine Holgate: The new Australia Post CEO

26-06-2017 9News: Crown failed to read the political climate in China

26-06-2017 9News: Crown Resort employees jailed

19-06-2017 9News: Time to get thinking about your taxes

08-06-2017 9News: Aussies paying crazy prices for groceries

07-06-2017 John Barilaro: Careers Australia going under

06-06-2017 9News: Minimum wages to increase by 3.3%

Leave a Reply

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

141 More posts in Home Loans category
Recommended for you
Top 10 Fixed Rate Investment Property Loans for 3 year Sep 2017

Best performing 3 year fixed rate Investment Property Loans for the month of September 2017...