House prices defy predictions in 2016

House prices defy predictions in 2016 by rising more than 15pc

Melbourne property goes from strength to strength in 2016, up over 15%

Home prices defied forecasts they would stagnate in 2016 to grow more than they did during the “boom” year of 2015, according to year-end figures from property research firm CoreLogic.

Dwelling prices rose 15.46 per cent in Sydney while Melbourne had a rise of 13.68 per cent. Even the much-maligned Hobart and Canberra housing markets posted strong gains, rising 11.24 per cent and 9.29 per cent respectively.

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