The average Australian price is now $103,000 higher than this time last year. CoreLogic figures show the median dwelling value increased 1.5% in August to $666,514, up 18.4% in 12 months.
Hobart recorded the biggest annual increase with the median value up 25% to $639,219. Darwin is up 22% to $486,248, while Canberra’s median value increased 22.5% to $816,644. Brisbane values increased 18% to $612,377 and Adelaide is up 18% to $522,180. Melbourne recorded the smallest increase in the past year, recording a still sizeable 13% lift to bring its median dwelling value to $769,968.
The CoreLogic figures show that regional centres, with values up 22%, continue to outperform capital cities where values increased 18% during the same period.
Figures were not included for Perth and Regional WA which, according to CoreLogic, are “pending the resolution of a divergence from other housing market measures in WA”.