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Quick Market Review

Monday, January 14, 2008

Despite interest rates rises in the last 12 months, residential property prices in Australia continue to climb. Across the country, house prices increased by 11.97% and unit prices increased by 14.25%. 
City by City- it is a diverse mix, as below. Perth had the only decrease in house prices.

Adelaide                                          houses 23.63%       units 32.11%
Brisbane                                          houses 19.52%       units 26.35%
Canberra                                         houses  13.01%      units 18.68%
Darwin                                             houses  13.54%      units  15.72%
Melbourne                                        houses  17.97%      units  20.10%
Perth                                                houses  fell by 0.75% units increased by 5.55%.*

*information gathered from RPData Information Services

- Julie Collins

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