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Home prices continue strong rise in Sydney, Melbourne; fall in Perth, Darwin

From abc.net.au

Australia's east coast housing boom has continued, with CoreLogic data showing a 1.1 per cent rise in home prices across the nation's capitals in August, driven by Sydney and Melbourne. Over the past year, the August move takes the combined capital cities' gain to 7 per cent, again led by Sydney and Melbourne with rises above 9 per cent. However, this home price inflation was much lower than at the same point last year, when CoreLogic's head of research Tim Lawless said the boom was at its peak. "That's virtually half the rate of growth that Sydney was seeing last year, when values were rising at more than 18 per ... (full story)

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