Local home prices rise five straight months, reaching record high

Posted: Oct 9 2014Last Updated: Jul 14 2017
8 October 2014 - The Rating and Valuation Department released its latest data report yesterday. The Private Domestic Price Index was showed to have hit 260.8, up nearly 1.9% from July when a 2.3% gain was recorded. Local home prices have risen for five straight months, reaching a new record high.
In addition, the data also showed the local residential rent index climbed 1% in August, reaching 159.9. This figure his risen for six consecutive months and has also set a new record high.
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