Australia home price growth slows in Nov
[SYDNEY] An index of home prices for Australia's major cities rose only marginally in November, a slowdown after two months of strong gains that should temper concerns about a bubble, industry data showed yesterday.
Figures from property consultant RP Data-Rismark showed overall dwelling prices rose 0.1 per cent in November, from October when they climbed 1.3 per cent.
Annual growth in its home price index edged up to 8.0 per cent, a three-year high, from 7.9 per cent in October. Gains were led by Sydney where prices were up 12.5 per cent on November last year, while Perth recorded growth of 8.9 per cent and Melbourne 6.6 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Abu Dhabi builder plans US$6.8 billion luxury housing project
JTC to sell hospitality project being built in Punggol Digital District
Mapletree Logistics Trust posts 2.5% drop in Q4 DPU; manager warns of further headwinds
Abu Dhabi developer Aldar posts 88% in Q1 leap
Without a game changer, Sentosa Cove condos will continue underperforming
Church to tackle US housing crisis