Darwin property prices have fallen off a cliff, while Hobart values have stormed ahead, according to new quarterly data from Domain.
Darwin’s median house price at the end of June was $539,497 – an 11.8 per cent drop from the year before. The city’s median unit price fell 17.2 per cent to $326,126 (see tables below).
Sydney was the only other capital city to experience price reductions in both categories, with houses down 4.5 per cent to $1,144,217 and units down 3.5 per cent to $737,080.
Domain also reported price falls in three other capitals:
- Brisbane’s median unit price fell 6.4 per cent to $379,186
- Canberra’s median unit price fell 2.1 per cent to $415,414
- Perth’s median house price fell 1.0 per cent to $556,572
Hobart, though, enjoyed double-digit growth in both categories:
- House prices rose 15.9 per cent to $461,547
- Unit prices rose 22.6 per cent to $370,085
Growth was generally modest in Australia’s other housing markets, according to Domain.
Median prices for houses
| City | Price | Annual change |
|---|---|---|
| Sydney | $1,144,217 | -4.5% |
| Melbourne | $882,082 | 0.5% |
| Brisbane | $566,322 | 2.0% |
| Perth | $556,572 | -1.0% |
| Adelaide | $534,832 | 3.1% |
| Hobart | $461,547 | 15.9% |
| Canberra | $749,865 | 6.2% |
| Darwin | $539,497 | -11.8% |
Median prices for units
| City | Price | Annual change |
|---|---|---|
| Sydney | $737,080 | -3.5% |
| Melbourne | $496,021 | 0.9% |
| Brisbane | $379,186 | -6.4% |
| Perth | $379,038 | 1.7% |
| Adelaide | $312,992 | 0.9% |
| Hobart | $370,085 | 22.6% |
| Canberra | $415,414 | -2.1% |
| Darwin | $326,126 | -17.2% |
