Top 10 performing capital city suburbs

Print This Post A A A

Australian house prices have improved marginally in recent months amid low interest rates and improved stock market performance, but home buyers remain hesitant to jump in with the fervour that characterised the pre-Global Financial Crisis era.

Prices across the capital cities edged up by 0.5% in the second quarter of this year, but were still down 2.1% from a year earlier, Australian Bureau of Statistics (ABS) data show.

This correction towards growth is likely to continue as financial markets and consumers put the worst of eurozone and US economic growth fears behind them. But until the global economy can confidently declare economic and financial stability to be safely back, investors will continue to tread cautiously.

Also from this edition