Australian house prices have registered strong growth in the quarter to June 2009, with Darwin now Australia’s most expensive city according to the Australian Bureau of Statistics and Australian Property Monitors.

APM reports the Darwin median house price is now $549,000, while Sydney’s is $547,000 – the first time the northern capital has been so much more expensive.

It also says prices are recovering for expensive properties in Sydney and Melbourne, which were hit hard by the financial crisis last October.

The Australian Bureau of Statistic says that annually house prices rose in Darwin (+11.0%), Adelaide (+2.7%) and Hobart (+0.1%), and fell in Perth (-3.7%), Brisbane (-3.3%), Melbourne (-1.5%), Sydney (-0.9%) and Canberra (-0.2%).

Meanwhile, SQM Research head Louis Christopher says the ABS house price rise for Sydney of 4.9% for the quarter is the largest recorded for the city since September 2003.

Current indicators suggest the September quarter is likely to record further house price rises, with SQM estimating national prices will rise by 2% in the September Quarter.

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