Australian Property Prices Bounced Back After Five Months of Decline

  • November 03, 2020 11:55 AM AEDT
  • Team Kalkine

Since April 2020, Australian property prices continued to decline due to COVID-19. However, the prices now have bounced back in October 2020. According to major media sources and research reports, across the capital there was an increase in the prices by 0.2% while regional home values improved by 0.9%.

26th feb webinar mtf mobile

In Sydney, the property prices grew 0.5% over a month to A$993,927. Apartment prices slipped by 0.5% to A$735,350. On the other side, Melbourne property values declined 0.2% over a month.

In Adelaide and Darwin, the dwelling price jumped 1.2%, Brisbane reported 0.5% growth in dwelling values and Perth by 0.6%. Canberra and Hobart witnessed 1% growth in property prices.

 

 

 

 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK