Australian House Prices Rise

Tuesday 4th August 2009

Australian house prices have risen 3.3 per cent in the June quarter, according to Australian Property Monitors' quarterly housing data.

It’s the strongest quarterly growth in house and unit prices since December 2007.

Darwin remained the strongest market nationally, with annual house and unit prices up 20per cent, according to the APM figures.

Melbourne was the next biggest mover, up 5.8 per cent, followed by the Sydney market which experienced a 3.7 per cent quarterly price rise. Brisbane and Perth were the only markets with both house and unit median prices below June 2008 levels.

"The consolidation that began in the March 2009 quarter has now transformed into strong growth across the country," APM economist Matthew Bell says, saying the upper end of the property market has recovered in the June quarter.

In Sydney, Melbourne and Brisbane, the median prices in the top 50 per cent of suburbs grew by nearly double the rate of those of the bottom 50 per cent in the June quarter.

 

 

Do your research! 

onthehouse.com.au offers property sales data for you to do your property research.

 



Tags: Brisbane, Darwin, House Prices, Melbourne, Perth, Sydney
Back to More News

Based on information provided by and with the permission of the Western Australian Land Information Authority (2012) trading as Landgate.