• Facebook
  • Twitter
  • Youtube
  • Instagram
Rental Results
  • Home
  • Owners
    • Why choose Rental Results?
    • Request a Rental Appraisal
    • Landlord’s Guide
    • Make the smart move to Rental Results
    • Client Reviews
    • Depreciation Calculator
    • Access to Owner Portal
  • Properties for Rent
  • Tenants
    • Tenancy Application Form
    • Maintenance Request Form
    • Tenant Information
    • Access to Tenant Portal
    • Maintenance Log System
  • About Us
    • About Rental Results
    • Our Team
    • Useful Links
    • Privacy Policy
    • Suburbs of Interest
  • Blog
    • Blog
    • Rental Results TV
  • Contact
  • Search
  • Menu Menu
Interest Rates And Prices, Market Update

Where property prices went up

PROPERTY prices have improved in every capital city with the south and the west once again leading the charge.

The Australian Bureau of Statistics figures reveal across the combined eight capital cities property prices went up by 3.4 per cent for the December quarter.

The latest figures bring the increase for the year to 9.3 per cent.

House prices in Sydney increased by 4.9 per cent in the December quarter, the third quarter in a row that Sydney recorded the largest rise in house prices in Australia.

Perth was the next best performer with its values up 3.5 per cent, followed by Brisbane 3 per cent, Adelaide 2.8 per cent, Darwin 2.7 per cent and Hobart 2.3 per cent.

Canberra recorded the smallest increase of just 0.4 per cent.

Prices for units and apartments also increased in all cities, except Darwin, with Sydney once again the strongest performer with an increase of 4.4 per cent.

Canberra was the only city to record a drop in values for the year.

The ABS data also analysed the total value of residential property in Australia which it put at about $5.02 trillion compared with $4.83 trillion in the September quarter.

The average price of an Australian residential property is now $539,000 up from $496,800 in the previous quarter.

On a state basis the mean price of residential dwellings was highest in New South Wales at $633,200 followed by Western Australia and then the ACT.

 

Residential property prices yearly change

Sydney — 13.8%

Perth — 8.7%

Melbourne — 7.9%

Brisbane 5.7%

Darwin — 5%

Hobart — 4.9%

Adelaide — 3.4%

Canberra — -0.3%
Article found at: http://www.news.com.au/finance/real-estate/where-property-prices-went-up/story-fncq3era-1226823519272

2014-02-15/by Lauren Robinson
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share on Tumblr
  • Share on Vk
  • Share on Reddit
  • Share by Mail
https://www.rentalresults.com.au/wp-content/uploads/2018/01/rental-result-logo-small.png 0 0 Lauren Robinson https://www.rentalresults.com.au/wp-content/uploads/2018/01/rental-result-logo-small.png Lauren Robinson2014-02-15 11:07:432017-08-30 11:36:09Where property prices went up

Search Rental Listing

Quick Contact Us

Trustpilot


Rental Results
59 Lugg Street
Bardon QLD 4065 Australia

07 3123 7373

Fax +61 7 3036 5303

Owners

  • Why choose Rental Results?
  • Request a Rental Appraisal
  • Landlord’s Guide
  • Make the smart move to Rental Results
  • Client Reviews
  • Register for Online Agent

Tenants

  • Properties to Rent
  • Tenancy Application Form
  • Maintenance Request Form
  • Tenant Information

FOLLOW US

Awards







Featured On

 

Copyright © 2019 Rental Results. Web Design by Online Specialists | Sitemap
Property prices to keep growing
Scroll to top