(MENAFN) Sydney house prices have jumped by 21.5 percent in the previous year, with the House Price Index (HPI) increasing 9.8 percent in the January-May period, scoring the biggest quarterly numbers since 2002.
Considering other related aspects, Sydney's Residential Property Price Index (RPPI) witnessed a 8.9 percent surge in the cited quarter, reflecting on 18.9 overall jump in the first five months.
Through the eight major cities the RPPI climbed on average 4.7 percent for the April-May period up from the 1.6 percent rise in the first quarter, based on the data released from the Australian Bureau of Statistic (ABS).
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