-
Sydney, Melbourne house price surge accelerated in November
However, Mr Lawless said the current breakneck pace of price increases in the two biggest capitals was unlikely to be sustainable for long, even if interest rates fell further. "Annualising the growth rate over the past three months implies the national index is already tracking well above double-digit annual growth (+15.3 per cent), while Sydney and Melbourne dwellings are tracking around the mid-20 per cent range for annualised capital gains based on the most recent three-month trend," he said. "Considering wages and household income growth remains low, economic conditions are losing momentum and housing ... (full story)