Stephen Donnelly Property Report

Stephen Donnely

House price rises accelerating in Australia

08/12/2016

Australia’s housing market continues to rise, amidst modest economic growth. House prices rose by 11.4% in Australia´s eight major cities during the year to end-Q3 2015 (9.72% inflation-adjusted), up from an annual rise of 9.23% in a year earlier and the highest y-o-y increase since Q2 2010, based on figures from the Australian Bureau of Statistics (ABS). House prices increased 2.17% (1.71% inflation-adjusted) quarter-on-quarter in Q3 2015.

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Stephen Donnelly has been actively involved in property development in Australia for the past 30 years.

Stephen's main focus has been on residential and commercial property development in Melbourne and Sydney. Starting originally renovating houses and small commercial offices in the inner suburbs of Melbourne and later progressing to medium density projects and multi storey commercial buildings in major capital cities of Australia.