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Australia: Home prices surge in September

Posted on 02 October 2012

Last month’s home price rise across Australia’s eight capital cities was the largest in two and a half years, and comes on the back of 125 basis points of rate cuts over the last 12 months. The RP Data - Rismark home value index shows the price gains were strongest in Adelaide (2.4 per cent), but then broadly spread against the other big capital cities which posted gains between 1.6 per cent (Perth) and 1.1 per cent Brisbane.
Prices in Hobart and the territory capitals all went slightly backwards in the month, while regional houses fell 1.2 per cent (although those rest of state figures only run to the end of August)………………………………………..Full Article: Source


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