City prices rise 5.1%, says ABS

Posted on 6/08/2013  
City prices rise 5.1%, says ABS

House prices in capital city Australia have risen 5.1% in the past 12 months, according to the latest data from the Australian Bureau of Statistics.

The June Quarter House Price Indexes from the ABS show that all of the eight state and territory capital cities now have price levels higher than mid-2012.

The average growth in the June Quarter was a solid 2.4%, with all cities recording growth in their indexes except Hobart.

Perth leads on annual price growth, with an 11% rise in its House Price Index, followed by Darwin’s 7.7% rise and Sydney’s 6.1%.

Brisbane is up 3.7%, the first significant lift in the city’s price levels since the floods early in 2011.

Hobart (up 1.2% in annual terms) and Adelaide (up 0.6%) are the only cities without significant growth in the past 12 months.

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