Sydney residential property values increased by 5.6% but only averages 2.5% over the previous ten years.  Room for improvement, you may ask?  However, caution may be prudent with a slowing Chinese economy, sluggish Australian economic growth below trend, rising unemployment and government focussing on surplus budgets, or at least repaying the deficit.  Overall home value increases may be gradual in the circumstances.

Other cities values changed by

• Melbourne 3.4%
• Brisbane 0.6%
• Adelaide 0.2%
• Perth 6.0%
• Hobart -1.8%
• Darwin 6.1%
• Canberra 1.1%

Property and Financial Solutions can assist home buyers and investors obtain suitable mortgage finance for all purposes.