Australian Property Price Rises October 2018

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Australian Property Price Movements for the Year to Oct 2018.

Hobart had the largest property price rise for the last 12 months of 15.2%. This took the median price up to $445,655.

This was followed by Canberra with a rise of 9%, taking the median price to $589,415.

Adelaide was the third largest rise at 6.3%, with a new median price of $431,554.

Brisbane, with a 4.2% rise was fourth, with a new median price of $491,925.

Darwin,  with a 2.5% rise,  and a median price of $433,818, was the fifth capital city with increased property price in the year.

Perth,  with a rise of only 0.5% was the sixth, with a median price of $451,158.

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However, Sydney and Melbourne both dropped in value, during the same 12 months.

Sydney dropped by 4.2% to a new median of $833,876.

Melbourne dropped by 1.4% to a median of $665,044.

Combining all Capital and Regional areas,  the overall change to property prices was a rise of 0.2%.



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