House Prices 2010 March Australia

According to the Australian Bureau of Statistics, the annual price change for Established Houses in the Australian Capital Cities has changed as follows:

12 Months to March 2010

up 27.7% Melbourne
up 21.0% Sydney
up 20.6% Canberra
up 17.5% Darwin
up 15.0% Perth
up 14.1% Hobart
up 12.1% Brisbane
up 10.8% Adelaide

Chart of the median values of Established Houses in each of the Australian Capital Cities, at March 2010, compared to the March 2005 values.

City Mar-2005 Mar-2010 5 Year Growth $ 5 Year Growth % Annualised growth
Canberra $374,700 $554,760 $180,060 48.1% 8.15%
Sydney $486,000 $542,100 $56,100 11.5% 2.21%
Darwin $275,000 $534,625 $259,625 94.4% 14.20%
Perth $290,000 $504,850 $214,850 74.1% 11.70%
Melbourne $310,000 $478,875 $168,875 54.5% 9.09%
Brisbane $311,000 $448,400 $137,400 44.2% 7.60%
Adelaide $270,000 $391,678 $121,678 45.1% 7.72%
Hobart $240,000 $338,307 $ 98,307 41.0%

Darwin has had the largest annualised growth over the last 5 years at 14.2% average per year, with Sydney being the slowest, rising at only 2.21% average per year.

The March 2010 median values are based on the growth figures produced in May 2010 by the Australian Bureau of Statistics, compared to their March 2009 figures. (ABS 6416.0 – House Price Indexes: Eight Capital Cities, Mar 2010)


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