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Quarter 3. 2014

Housing market moving into a renewed up-cycle

  • The growth in asking prices for property accelerated in the third quarter, up 3.1 per cent on the previous quarter, and 4.7 per cent on a year earlier

  • The price rises were strongest for apartments , up 3.6 per cent on Q2, followed by detached houses, up 3.2 per cent and semi-detached rising 2.4 per cent on Q2

  • However, asking prices for rents slowed down sharply, following consistently strong rises in every quarter for the last three years

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