Property prices continue to grow at staggeringly fast rates, but the pace of growth appears to be slowing, according to CoreLogic. Across Australia, the median property price grew 20.3% over the year to September.
That was faster than growth over the year to August (18.4%), so, at face value, it appears the rate of price growth is increasing.
However, quarterly price growth slowed from 5.2% over the August quarter to 4.8% over the September quarter. So the trend appears to be heading in the opposite direction.
Meanwhile, over the year to September, houses grew faster than units (22.9% v 12.0%), while the regions grew faster than the capital cities (23.1% v 19.5%).
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