Added over 9 years ago

National City Home prices rises in October

According to RPData-Riskmark, the National City Home prices increased 0.3% in October, seasonally adjusted, following a 0.1% fall in September.  This suggests that the market is cooling at a controlled rate since June 2010, although the October data does not capture the full affect of the RBA increasing its official cash rate from 4.5% to 4.75% in October, which is expected to weaken investor appetite. The national city dwelling price was $460,000 in October, up from $455,000 in September. Home prices in Sydney and Melbourne both rose 0.6 per cent, seasonally adjusted, while they went backwards in Brisbane by 0.2 per cent and Perth by 1.8 per cent.

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