Australian House Prices Flat in February

The housing market continues to tread water, with the release of RP Data and Rismark figures showing prices didn’t grow at all during February, and rose by just 0.8% over the previous 12 months.

The best performing capital city during the February quarter was Sydney, but it only managed to record a seasonally adjusted 0.3% increase in prices, while Darwin suffered a much worse fate, with prices down 9%.

RP Data senior research analyst Cameron Kusher said in a statement the subdued capital growth is likely to continue for the foreseeable future, with values having “hardly moved” at all.

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