Monday, December 3, 2012

November Rise for Perth Houses

Perth has outperformed its interstate rivals last month, with property prices rising one percent in November. Adelaide and Brisbane were the next best capital cities with 0.5% growth. A research analsyst, Cameron Kusher from RP Data, said that Perth and Brisbane are the only capital cities where the house prices are still under those of five years ago, indicating that Perth and Brisbane may have greater growth spurts in the coming years.

Darwin continues its strong performance with a 3.1% growth over the last quarter and a massive jump of 13.1% over the past year.

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