Melbourne house value growth overtakes Sydney after October surge: CoreLogic

PHOTO: Sydney & Melbourne

Melbourne house values soared a massive 2.4 per cent over October, leaving Sydney trailing in its wake, according to CoreLogic.

Melbourne’s huge success over the month also took its quarterly gains higher than Sydney, posting 5.7 per cent gains.

Sydney house values were up another 1.8 per cent in October, with quarterly gains of 5.3 per cent.

The October price surge in houses is the biggest month-on-month gain since May 2015.

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