Mortgage business logo

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.

md discover

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]


Share this article

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

brokerpulse graph

What are the main barriers to securing a mortgage at the moment?