Sydney house prices increase by 16.2% over the financial year

Sydney House Prices

Sydney house prices lead the charge as Australian housing values continued to increase throughout 2015 taking the average value across the capital cities almost 10% higher for the financial year. The rate over the second half of the financial year for capital cities was 5.1% compared with the first half which was 4.5%. This highlights the momentum gathered in the housing market during 2015, particularly after the RBA reduced the cash rate to a record low in Australia of 2% , pushing capital gains higher.

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