Strong Capital Gains Indicate Market Buoyancy

In an article for the website Property Update, Tim Lawless talks about a 4.2% hike in capital gains for the capital city dwellings over the 3 months ending august.

Sydney and Melbourne have been the primary catalysts for such phenomenal growth, contributing 5% and 6.4 respectively. Over the last growth cycle, Sydney has seen a price spike in the vicinity of 27%.

Smart time-on-market rates, low interest environment and buoyant auction clearances have together contributed in making it a good time for Sydney in particular and Australia in general

You can read the original article here.