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Why house prices are booming in some Australia cities | The Business | ABC News
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Home values have increased for the 18th consecutive month across the country.
But when values are broken down by state, there's a vastly different story being told - and the property market is running at two speeds.
In Perth, Adelaide and Brisbane, house prices are skyrocketing.
But in Melbourne, Darwin and Hobart values are falling, and the property market is cooling in Sydney.
CoreLogic's figures show advertised rents flatlined in July and agents say they're seeing a trend of more people trying to buy.
#ABCBusiness
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
But when values are broken down by state, there's a vastly different story being told - and the property market is running at two speeds.
In Perth, Adelaide and Brisbane, house prices are skyrocketing.
But in Melbourne, Darwin and Hobart values are falling, and the property market is cooling in Sydney.
CoreLogic's figures show advertised rents flatlined in July and agents say they're seeing a trend of more people trying to buy.
#ABCBusiness
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
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