Sky News Business Editor Ross Greenwood says average house prices across the country have hit record levels for the month of October.
According to PropTrack prices in October rose 0.36 per cent and are now up 4.93 per cent for the year to date.“Annually; the best performing capital city is Perth, up 10.9 per cent; then Adelaide up 9 per cent; Sydney up 7.5 per cent; Melbourne and the ACT pretty much flat, Darwin and Hobart, both the prices down.
“It is also quite clear that the majority of the growth is for houses with growth much more subdued, across the country for apartments.”
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