{"id":36249,"date":"2021-12-26T08:55:19","date_gmt":"2021-12-25T19:55:19","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=36249"},"modified":"2021-12-26T08:55:19","modified_gmt":"2021-12-25T19:55:19","slug":"nothing-to-be-proud-of-australia-makes-top-5-for-global-house-price-growth","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/nothing-to-be-proud-of-australia-makes-top-5-for-global-house-price-growth\/","title":{"rendered":"NOTHING TO BE PROUD OF: Australia makes top 5 for global house price growth"},"content":{"rendered":"

PHOTO: Australian property<\/strong><\/p>\n

After six years, Australia has returned to a top-five position in a quarterly global house price index, having achieved\u00a018.9 per cent annual price growth.<\/p>\n

The latest\u00a0Knight Frank Global House Price Index Q3 20201<\/i>\u00a0has reported an increase in Australian property market<\/a> prices from 16.4 per cent in Q2 2021, which helped the country\u00a0rank fifth globally in Q3 2021.<\/p>\n

\"McDonald's<\/a><\/div>\n
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McDonald\u2019s worker buys his FORTIETH home before his 30th birthday<\/a><\/h2>\n<\/header>\n<\/div>\n

According to Shayne Harris, Knight Frank Australia\u2019s partner and head of residential: \u201cIt is interesting to see Australia take out the\u00a0fifth position globally for the growth in house prices in Q3 of 2021 \u2013 the last time we were in a top five position was at the end of 2015, prior to tightened lending restrictions being implemented.\u201d<\/p>\n

Globally, prices rose 9.4 per cent on average across the 56 countries and territories covered by the index, with 96 per cent of nations showing positive year-on-year increases, Knight Frank revealed.<\/p>\n

Turkey retained its position on the top spot, recording 35.5 per cent growth over a 12-month period to September 2021.<\/p>\n

South Korea took over New Zealand at second place, showing a 26.4 per cent increase as the latter slid to third place at 21.9 per cent over the period.<\/p>\n

Sweden moved\u00a0up one rank higher at fourth place (20.3 per cent), and, as mentioned earlier, Australia rounded out the top five.<\/p>\n

While the\u00a0United States had previously resided in the top five, it was pushed out \u2013 coming in at sixth place with a growth of 18.7 per cent.<\/p>\n

READ MORE VIA SMART PROPERTY INVESTMENT\u00a0<\/a><\/p>\n

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