Published: June 30, 2019
Sydney housing values had not increased since July 2017 while Melbourne’s had not risen since November 2017
Property prices in Sydney and Melbourne are up for the first time since 2017, analysts attributing the trend to lower mortgage rates and improved sentiment.
Dwelling values in Australia’s two most populous cities rose 0.1% and 0.2% respectively, according to data released Monday by property analytics firm CoreLogic.
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