Australian capital city house prices are rising again, after stalling in the latter parts of 2015.

 

CoreLogic RP Data figures indicate that prices, after rising 0.5% on average in February, had nearly matched that increase after just one week in March.

 

The research shows prices have risen in all mainland capitals, excluding Brisbane, with the largest increase coming from Adelaide at 0.7%. Prices in Sydney and Melbourne have risen 0.5% and 0.4%, taking the 2016 growth rates to 1.5% and 3.2% respectively.

 

As a result of the heavy weighting of the Sydney and Melbourne property markets, due to their sheer size compared to other capitals, the national capital city 2016 increase now stands at 1.6%.