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Markets Rise Across Australia In January

house purchaseAll city and regional markets across Australia, except one, recorded house price growth in January, according to the latest figures from CoreLogic.

All of the eight state and territory capital cities recorded growth in their home value indexes for houses in January, including the markets which have been in downturn in recent years, Perth and Darwin.

Six of the seven state regional markets also recorded growth in January, the only exception to the growth story being Regional South Australia.

The markets to rise the most in January were Melbourne (1.4%), Sydney (1.5%) and Regional Tasmania (1.3%). Hobart and Regional Western Australia both rose around 1%.

It was a similar outcome in the data for the past quarter: all capital cities rose, except Darwin, as did all regional markets, except WA.

The biggest quarterly growth was in Sydney and Melbourne – but Hobart, Brisbane, Canberra, Regional Victoria, Regional Queensland and Regional Tasmania all rose by between 2% and 4% in the past three months.

There was also price growth recorded for apartments in most markets in January, the exceptions being Darwin and Brisbane.

The markets with the biggest uplift in unit prices were all regional – South Australia, Tasmania and Victoria – while the highest apartment price growth among the capital cities was achieved by Hobart.


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