Home prices, Sydney, Melbourne, London, Canberra, Hobart

[ad_1]

BRISBANE has beat London, Beijing and Brussels on a global list of ranked cities with the highest housing price increase.

The latest Knight Frank Global Residential Cities Index classifies Queensland Capital as number 100 based on house price increase of 2.1

GET THE LATEST REAL ESTATE NEWS DIRECTLY FOR YOUR INBOX HERE

But while Brisbane has performed better than some of the other major world cities, it ranked only sixth in Australia.

Hobart recorded the highest price growth of 13.1 percent, jumped from 34th place to eleventh in the list.

Melbourne came second in 21st place with 10.2 percent price increase in the year to December 2017 – up from 24 on the index.

Canberra's housing market is now better than Sydneys, where the country's capital is 59th on the list with 5.7 percent growth.

Sydney is ranked 83th on the 3.8% index. Growth and Ad elaide is on the 87th place with a growth of 3.6 percent.

SKY HOMES GOING GANGBUSTERS

WHAT PALMER PAYED FOR FIG-TREE POCKET MANSION

BEACH HOUSE SELLER FOR RECORD $ 18M

Knight Franks Australian Head of Housing Research Michelle Ciesielski said that it was encouraging to see six Australian cities, barely the top 100.

"There is a clear differentiation in the rate of real estate growth around Australia, where Sydney and Melbourne are looking at prices towards a more sustainable growth level," she said.

"The influence of the Australian regulatory authorities on the lending environment has certainly meant that many investors withdraw from the East Coast market.

" This risk-reversed environment will likely remain for some time given the current bank royal commission. "

Global Residential Cities Index assesses house price performance across 150 of the world's cities. 19659005] It has been shown that global housing prices rose by 4.5 per cent in 2017, from 7 per cent in 2016.

Berlin led the annual ranking in 2017, with a housing price increase of 20.1 per cent during the year.

[ad_2]

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close