subscribe to our newsletter

Four capitals see dwelling prices rise

Brisbane has entered 2016 as the country’s fastest-growing capital city market, while Sydney is the biggest loser.

Brisbane’s median dwelling price rose 0.9 per cent month-on-month in December and 1.3 per cent quarter-on-quarter, according to CoreLogic RP Data.

The troubled Perth market recorded 2.3 per cent growth over the month, although the median dwelling price fell 0.2 per cent over the quarter.


Hobart recorded a 0.8 per cent monthly increase alongside a 0.2 per cent quarterly decrease.

In Melbourne, dwelling prices rose 1 per cent over the month but fell 1.9 per cent over the quarter.

The situation was reversed in Adelaide, with prices down 1.5 per cent over the month but up 0.6 per cent over the quarter.

Darwin’s median dwelling price held steady in December, but fell 1.4 per cent during the final three months of 2015.

Canberra recorded a double set of losses, with prices down 1.1 per cent over the month and 0.1 per cent over the quarter.

Sydney’s decline was even greater, with the median dwelling price dropping 1.2 per cent over the month and 2.3 per cent over the quarter.

[Related: Apartment approvals plummet in November]


Four capitals see dwelling prices rise

Latest News

Firstmac managing director Kim Cannon is “disappointed” that Treasury rejected the non-bank’s proposed acquisition of Maleny Credit Un...

Asset finance group Consolidated Operations Group has announced that it will “scale back” its equipment leasing but will continue its as...

Half of Australian businesses have already been hit by the economic fallout from the coronavirus outbreak, with approximately 86 per cent ex...


LATEST PODCAST: The rush to save small businesses

Do you think Australia will move to quantitative easing this year?

Why we’ll keep delivering for our communities in the face of COVID-19


As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Mortgage Business.

Read more

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.