Which Australian house to buy?
This is the fifth article in a series examining what you need to know about house prices and the Australian housing market.
Read the previous article.
What’s the latest on the housing market?
As of October 2017, house prices were up 13.5 per cent compared to a year earlier, according to data from CoreLogic, a global property and property investment data provider.
It said the average price per square metre in Sydney rose by $7.23, with Melbourne and Canberra the biggest winners.
The average price for a home in Brisbane fell 2.3 per cent to $1.87 million, while in Perth the average rose 2.7 per cent.
The Sydney house price index is up by more than 6 per cent over the past year, the report said, while the Sydney median price has gone up by $3,500.
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