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.
The Weekly SOURCE
Calvary Health Care expands retirement portfolio amid 11.6% annual sales price surge
The Sydney-based Not For Profit’s three-year plan to elevate retirement living across its broader connected care model of hospitals, residential care, retirement living and home care has led to a 12.4% growth in occupancy and an average sales price...