Australia Sees Strongest Yearly Growth in Home Prices

Australian property prices jumped 23.7 per cent last year – their strongest annual growth on record – helped by rises in all capital cities in the December quarter, The Sydney Morning Herald reported.

The total value of the nation’s 10.8 million homes grew by $2 trillion to a record $9.9 trillion last year, according to the Australian Bureau of Statistics’ residential property prices index report.

Read the full report: The Sydney Morning Herald

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Tags: Australia

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.