Sydney home prices hit record high, Melbourne slips again

Quick Summary:

Median price of a Sydney home hit A$1.17 million (S$1.06 million), property consultancy CoreLogic said.

Perth was the best performing capital, with prices gaining 2 per cent, while those in Brisbane jumped 1.2 per cent.

The RBA is expected to leave the benchmark policy rate at the current 12-year high until at least early 2025 as inflation is proving sticky, according to a median of economists surveyed by Bloomberg.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustralia

Topics: Melbourne Higher Rates Population “the Price Sydney Median Cent Housing Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 09:40:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 605 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21436236

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Year Established: 1845

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