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Price movement ranges from 4.6pc fall to 16.4pc rise

03 June 2015 Staff Reporter
home sales

Two of Australia’s property markets are booming, another two are humming, while the final four are slumping.

Sydney’s median house price reached $880,000 at the end of May, according to CoreLogic RP Data. That marked a jump of 16.4 per cent on the previous year.

The city’s apartment sector also recorded strong growth, with the median unit price rising 8.8 per cent to $638,000.

Melbourne’s median house price climbed 9.8 per cent to $620,000, while the median unit price climbed 2.9 per cent to $480,000.

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Brisbane remained Australia’s number three market, with house prices up 3.2 per cent to $490,000 and unit prices up 2.0 per cent to $394,000.

Adelaide was the only other capital to experience growth in both sectors, with house prices increasing 3.5 per cent to $420,000 and unit prices increasing 1.8 per cent to $342,000.

Canberra’s median house price grew 2.9 per cent to $588,000, however the median unit price fell 3.9 per cent to $410,000.

Perth house prices rose 1.0 per cent to $530,000 as unit prices fell 4.0 per cent to $435,000.

House and apartment prices fell in both of the other capital cities.

Hobart’s median house price decreased 0.6 per cent to $359,000, while its median unit price decreased 4.6 per cent to $265,000.

Darwin houses fell 1.6 per cent to $573,000, while units fell 4.0 per cent to $465,000.

[Related: Real estate market on alert as lending risks grow]

Price movement ranges from 4.6pc fall to 16.4pc rise
home sales
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