Shock finding: top growth cities of past decade don’t include Sydney

Red-hot Sydney is only middle of the pack when it comes to house price appreciation over the past 10 years.

Darwin house prices have led the way, growing by an average of 8.05 per cent per annum between January 2005 and January 2015, according to Residex.

Melbourne houses grew by 6.36 per cent per year, followed by Perth houses on 5.71 per cent and Sydney houses on 5.06 per cent.

They were trailed by Adelaide on 4.64 per cent, Canberra on 4.53 per cent, Brisbane on 4.20 per cent and Hobart on 3.17 per cent.

Darwin was also the leading capital city for unit price growth, recording an average gain of 9.14 per cent between 2005 and 2015.

Next came Perth units with 6.89 per cent, Melbourne units with 5.48 per cent and Adelaide units with 4.97 per cent.

Sydney took fifth place with 4.83 per cent, followed by Brisbane with 4.08 per cent, Canberra with 3.20 per cent and Hobart with 3.10 per cent.

The statistics also revealed that capital city house prices grew 12.70 per cent faster than unit prices.

Houses prices across the eight capitals grew by an average of 4.70 per cent during the decade compared to 4.17 per cent for units.

[Related: Sydney approaching million-dollar median]

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