Aussie state capital to see huge $216,000 increase in house prices – NEWS.com.au

In grim news for first home buyers, the average Sydney house price is predicted to skyrocket by $216,000 this year alone.Across Australia’s five capital cities, the average home values have already increased by 10 per cent between January and May, according to CoreLogic figures.
Yet a group of 40 experts and economists believe further price hikes are still to come with Sydney and Perth expected to see the biggest gains.
Economists are forecasting an 8 per cent increase in property values over the…

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