The latest report from CoreLogic RP Data this week reveals Sydney’s rising property prices have offset falling prices in other capitals, as its metropolitan areas reached a 0.3% increase in February.
Sydney, in total, was up 1.4% in home values. The area’s median price sits at $680,000.
Melbourne only saw an increase of 0.2% this month. Adelaide’s property values also went up slightly by 0.2% in January and Canberra’s jumped by 1.3%.
Perth suffered the deepest price plunge at 2.2% and Brisbane saw a 0.8% decline.
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