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Evergrande collapse: RBA signals uncertainty over China outlook

Evergrande collapse: RBA signals uncertainty over China outlook
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Property prices boomed 13.5% this year – but momentum is beginning to fade


Australian property prices rose 13.5% nationally over the last financial year.
Darwin, Hobart and Canberra led the country, with prices in all three cities rising by about 20%.
The Sydney market, meanwhile, jumped 15%, with median prices rising by $130,000 in just 12 months.
Australian real estate finished the financial year with a bang, as prices broke records once again.
Prices jumped another 1.3% in June, according to new CoreLogic data, with the market ending the 2020-21 financial year 13.5% higher than it began it.
“This is the highest annual rate of growth seen across the Australian residential property market since April 2004, when the early 2000’s housing boom was winding down after a period of exceptional growth,” Australian head of research Australia Eliza Owen said. ....

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