Ensure you never miss an issue of the
real estate business bulletin
Top growth capitals do not include Sydney

Top growth capitals do not include Sydney

by Staff Reporter 0 comments

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.

Top growth capitals do not include Sydney
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?