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Australia's hottest property market is Adelaide
Adelaide was the only capital city where both house prices and unit prices increased during 2018, according to new data.
Domain has reported that Adelaide’s median house price rose 1.7 per cent to $538,000, while Adelaide’s median unit price climbed 0.7 per cent to $321,000 – both records for the city.
Hobart house prices jumped 8.8 per cent to a record-high $480,000 and Canberra house prices remained unchanged at $730,000 – but house prices declined in every other capital city during 2018.
Unit prices also fell in all capital cities except Adelaide.
Median price – houses
| City | Median price | Annual change |
|---|---|---|
| Sydney | $1.06 million | -9.9% |
| Melbourne | $833,000 | -8.4% |
| Brisbane | $566,000 | -0.1% |
| Perth | $546,000 | -3.3% |
| Adelaide | $538,000 | 1.7% |
| Hobart | $480,000 | 8.8% |
| Canberra | $739,000 | 0.0% |
| Darwin | $515,000 | -8.7% |
Median price – units
| City | Median price | Annual change |
|---|---|---|
| Sydney | $702,000 | -5.8% |
| Melbourne | $479,000 | -4.3% |
| Brisbane | $370,000 | -7.9% |
| Perth | $352,000 | -2.9% |
| Adelaide | $321,000 | 0.7% |
| Hobart | $343,000 | -3.5% |
| Canberra | $413,000 | -6.1% |
| Darwin | $322,000 | -13.0% |
Disclaimer
This article is over two years old, last updated on January 24, 2019. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.
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