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Jarrod Reedie CoreLogic’s Hedonic Home Value Index for the month of June has revealed a rise in house prices to the tune of 13.5 percent in the 12 months to June 30, as the Australian Institute of Health and Welfare reveals the proportion of social housing households has fallen from 4.6 to 4.2 percent between 2014 and 2020. Both statistics underline the dire situation home buyers find themselves entrenched within, with the median house price in Sydney now sitting at $994,298, more than eleven times the median income of a worker, after a 15 percent growth in house prices in the harbour city. Across the country, there were substantial increases in house prices in every capital city. Melbourne saw a 7.7 percent increase, a 13.3 percent rise in Brisbane and a 19.6 percent jump in Hobart. Darwin recorded the highest rise of any capital city, with a staggering 21 percent increase in house values for the 2020/21 financial year.

New south walesEliza owenKate colvinAustralian institute of healthCorelogic head of researchHedonic home value indexAustralian instituteLogic headMorrison governmentFederal governmentபுதியது தெற்கு வேல்ஸ்எலிசா ஓவந்கேட் கொல்வின்ஆஸ்திரேலிய நிறுவனம் ஆஃப் ஆரோக்கியம்ஆஸ்திரேலிய நிறுவனம்தர்க்கம் தலை