It was another strong month for capital gains across the Sydney and Melbourne property markets in the month of July.
The two-tiered growth evident across Australia’s housing markets continued through July with the Sydney and Melbourne property markets continuing as the two capital cities driving home values higher.
Sydney’s rate of capital growth was 18.4% over the last 12 months, while the Melbourne property market grew by 11.5%
The remaining capital cities showed lower rates of capital growth.
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