Sydney home prices continued to rise last month, but the steam appears to be going from Melbourne's market. Overall, the mixed performance of Australia's major cities, including a 2 per cent slide in Brisbane prices, resulted in a flat result overall for capital city home prices in February. Hobart posted the strongest gain of 1.4 per cent for the month, while Sydney prices maintained their momentum, rising 0.8 per cent. However, Melbourne prices eased 0.2 per cent, along with Perth and Adelaide, and Canberra was down 0.8 per cent.
more: Home prices stagnate in February: Sydney rises, Melbourne falls
Sydney home prices continued to rise last month, but the steam appears to be going from Melbourne's market. Overall, the mixed performance of Australia's major cities, including a 2 per cent slide in Brisbane prices, resulted in a flat result overall for capital city home prices in February. Hobart posted the strongest gain of 1.4 per cent for the month, while Sydney prices maintained their momentum, rising 0.8 per cent. However, Melbourne prices eased 0.2 per cent, along with Perth and Adelaide, and Canberra was down 0.8 per cent.
more: Home prices stagnate in February: Sydney rises, Melbourne falls
Sydney home prices continued to rise last month, but the steam appears to be going from Melbourne's market. Overall, the mixed performance of Australia's major cities, including a 2 per cent slide in Brisbane prices, resulted in a flat result overall for capital city home prices in February. Hobart posted the strongest gain of 1.4 per cent for the month, while Sydney prices maintained their momentum, rising 0.8 per cent. However, Melbourne prices eased 0.2 per cent, along with Perth and Adelaide, and Canberra was down 0.8 per cent.
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