Capital city house prices rose by 9.8% in the 12 months to December 2013. Setting a new record, the median is now $597,556.
The December Quarter had the strongest growth in four years. Sydneys median price grew by 6% and Melbourne 3.2%. Australian Property Monitors Quarterly Housing Report predicts price growth will moderate over 2014 as economic activity wanes, with Brisbane and Perth being the likely exceptions, driven by strong local economies.
Housing home run, or swing and miss
Credit to Daniel Gannon, Executive Director of the Retirement Living Council, who came out swinging in his regular newsletter following the leaked news that the Federal Government was not going to address the recommendations of the Aged Care...