Price Growth

Price growth refers to the increase in the cost of goods or assets over time.

What is price growth?

Price growth refers to the increase in the cost of goods or assets over time. In the context of real estate, it signifies the rise in asset prices for houses, apartments, townhouses and so forth.

Average annual property price growth

Over the past 20 years in Australia, there has been an average annual growth in house prices of around 6% and apartment prices of approximately 4.4%. However, it's important to note that these figures fluctuate yearly, and there have been periods of negative growth as well.

What impacts price growth?

Some factors that can affect the price growth of properties include:

Interest rates
Population growth
Renovations/improvements
Development of the suburb

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