Residential property prices in Australia increased by 2.4 per cent in the September quarter 2019, reported the Australian Bureau of Statistics (ABS) in a recent update. The announced property prices data also indicated the following:
- It was the strongest quarterly growth since 2016 December quarter.
- Sydney and Melbourne drove the rise, each improving by 3.6 per cent.
- Over the year to the September quarter, the property prices fell by 3.7 per cent.
- The total value of residential dwellings increased to $6,869.4 billion during the quarter.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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