Welcome to this week's edition of The Real Estate Wrap with Leanne Pilkington, Managing Director of Laing+Simmons and President of the REINSW. House prices in Sydney are rising. Last week, CoreLogic released its latest Home Value Index which showed that nationally, prices rose 1.2 per cent during October, the fourth consecutive month of rises.
Sydney prices were up 1.7 per cent to lead the way with Melbourne (up 2.3 per cent), a result CoreLogic research director Tim Lawless put down in part to “the stimulatory effect of the lowest mortgage rates since the 1950s.”
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