Data from CoreLogic for house prices for July
Across the capital cities +1.5% in July
- +3.1% for Melbourne, Sydney +1.4%
- Over the three months to July 31, the combined capitals +2.2% (prior +3.6%)
CoreLogic head of research Tim Lawless
- "The recent bounce in capital gains may be partially due to a recovery from the seasonal slump in values recorded in April and May"
- "However, other factors, such as stamp duty concessions for first home buyers in New South Wales and Victoria, may also be having a positive impact on market demand."
