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Australia Property Prices

24 May 2020 by News Desk

Australia Property Prices increased by +0.7% in the past month, +2.7% for the quarter and +7.5% for the year.

Industry analysts report that second half of March saw a weakening in growth as a result of social distancing rules and a fall in consumer confidence.

Top performing capital cities for the month were Darwin (+2.0%), Sydney (+1.1%), Brisbane (+0.6%), and Canberra (+0.6%).

Over the past quarter, the best performing capital cities were Sydney (+3.9%), Melbourne (+2.9%) and Canberra (+1.7%).

Every capital city sub-region saw a rise in housing values over the March quarter, including the Perth sub-regions that previously had a long-running downturn.

Sydney and Melbourne sub-regions are leading the way for annual change in dwelling values.

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