{"id":1004123855,"date":"2015-07-24T04:14:48","date_gmt":"2015-07-24T12:14:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004123855"},"modified":"2022-12-04T17:12:33","modified_gmt":"2022-12-05T01:12:33","slug":"international-the-scoop-on-the-land-down-unders-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-the-scoop-on-the-land-down-unders-market\/","title":{"rendered":"International: The Scoop on the Land Down Under"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004123858\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Sydney_Australia.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004123858\" data-attachment-id=\"1004123858\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/international-the-scoop-on-the-land-down-unders-market\/sydney_australia\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Sydney_Australia.jpg\" data-orig-size=\"1024,419\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;5.6&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D80&quot;,&quot;caption&quot;:&quot;????????????????????????????????????&quot;,&quot;created_timestamp&quot;:&quot;1211286873&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;28&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Sydney_Australia\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Photo courtesy flick user Michael McDonough&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Sydney_Australia.jpg?w=1024\" class=\"wp-image-1004123858 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Sydney_Australia.jpg\" alt=\"Photo courtesy flick user Michael McDonough\" width=\"300\" height=\"123\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Sydney_Australia.jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Sydney_Australia.jpg?resize=300,123 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Sydney_Australia.jpg?resize=768,314 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004123858\" class=\"wp-caption-text\">Sydney, Australia. Photo courtesy: flick user Michael McDonough<\/p><\/div>\n<p>According to a recent study, the Australian market has grown leaps and bounds during the last 12-month interval. The national average home price is now 11.7 percent higher than it was a year ago, a study by Domain.com.au shows. Sydney was the star performer of the Australian housing market, having improved in terms of average price by 22.9 percent, by far the most substantial gain in the entire country.<\/p>\n<p>The June House Price Report presented by Domain indicates that the current average home price in Sydney has crossed the $1 million threshold, allowing the city to join an exclusive club of housing markets that includes New York, London, San Francisco and Paris. Domain data shows that the median home price in Sydney at the end of June stood at $1,000,616, an 8.4 percent increase over the previous quarter. The city\u2019s housing market is now at a higher level than it has ever been before. According to the report, exceedingly low mortgage rates and strong confidence could see prices continue to soar in 2015. Unit prices meanwhile have grown by 6.6 percent over the last quarter and are now at an average level of $656,078.<\/p>\n<p>Other major Australian cities have recorded strong year-over-year growth with Melbourne average prices improving by 10.3 percent to $668,030 &#8211; also a record high \u2013 while Canberra\u2019s median home price is now 5.4 percent higher than it was 12 months. Modest growth was recorded for home prices in the cities of Brisbane (1.9 percent year over year), Adelaide (3.3 percent), Hobart (0.6 percent) and Darwin (1.6 percent). Unit prices have decreased in some cities indicating increased interest in homes is taking its toll on multi-family properties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent study has revealed some surprising facts about Australia.<\/p>\n","protected":false},"author":237,"featured_media":1004123858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004123855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>International: The Scoop on the Land Down Under - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/international-the-scoop-on-the-land-down-unders-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"International: The Scoop on the Land Down Under\" \/>\n<meta property=\"og:description\" content=\"A recent study has revealed some surprising facts about Australia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/international-the-scoop-on-the-land-down-unders-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-24T12:14:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T01:12:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Sydney_Australia.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-the-scoop-on-the-land-down-unders-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-the-scoop-on-the-land-down-unders-market\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"International: The Scoop on the Land Down Under\",\"datePublished\":\"2015-07-24T12:14:48+00:00\",\"dateModified\":\"2022-12-05T01:12:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-the-scoop-on-the-land-down-unders-market\\\/\"},\"wordCount\":295,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-the-scoop-on-the-land-down-unders-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Sydney_Australia.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-the-scoop-on-the-land-down-unders-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-the-scoop-on-the-land-down-unders-market\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-the-scoop-on-the-land-down-unders-market\\\/\",\"name\":\"International: The Scoop on the Land Down Under - 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