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Hot Hobart outpacing sluggish Sydney in property stakes
Sydney property prices have gone backwards for the first time in 17 months, according to new data from CoreLogic.
The median price in Sydney fell 0.1 per cent during September, to $909,613 (see table below).
Although the median price rose 0.2 per cent over the quarter, this was the worst quarterly result since the March quarter of 2016.
Sydney’s annual price growth has slowed to 10.5 per cent, down from 18.9 per cent at the end of March.
Meanwhile, Hobart has confirmed its status as Australia’s number one property market, leading the way in monthly, quarterly and annual growth.
| Region | Median | Monthly change | Quarterly change | Annual change |
|---|---|---|---|---|
| Sydney | $909,613 | -0.1% | 0.2% | 10.5% |
| Melbourne | $703,816 | 0.9% | 2.0% | 12.1% |
| Brisbane | $490,208 | 0.3% | 0.5% | 2.9% |
| Hobart | $391,618 | 1.7% | 3.4% | 14.3% |
| Adelaide | $429,583 | 0.0% | 0.3% | 5.0% |
| Perth | $462,783 | 0.1% | -1.3% | -2.9% |
| Darwin | $445,516 | -0.7% | -4.0% | -4.7% |
| Canberra | $580,043 | 0.6% | 1.3% | 7.8% |
| All capitals | $648,845 | 0.3% | 0.7% | 8.5% |
| All regions | $350,471 | 0.1% | 0.0% | 5.6% |
| Australia | $540,647 | 0.2% | 0.5% | 8.0% |
Disclaimer
This article is over two years old, last updated on October 3, 2017. 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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