Capital city property hot spots revealed

Capital city property hot spots revealed

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Prospective buyers looking to invest in a well performing capital city should look no further than Melbourne.

According to RP data, Melbourne is the best performing capital this year in terms of home value price growth, recording a staggering 6.1 per cent rise over the first five months of 2009.

Darwin, however, remains the top overall performer over the past 12 months with a 14.3 per cent increase in home values.

Perth is the weakest capital city, with housing values falling 0.5 per cent over the first five months of 2009 and 4.6 per cent over the last 12 months.

Sydney recorded the highest median house value at $582,543 while Adelaide laid claim to the most affordable houses with a median price of $412,516.

Prospective buyers looking to invest in a well performing capital city should look no further than Melbourne.

According to RP data, Melbourne is the best performing capital this year in terms of home value price growth, recording a staggering 6.1 per cent rise over the first five months of 2009.

Darwin, however, remains the top overall performer over the past 12 months with a 14.3 per cent increase in home values.

Perth is the weakest capital city, with housing values falling 0.5 per cent over the first five months of 2009 and 4.6 per cent over the last 12 months.

Sydney recorded the highest median house value at $582,543 while Adelaide laid claim to the most affordable houses with a median price of $412,516.

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