Capital city average home price exceeds $600,000


Capital city average home price exceeds $600,000

Posted on Wednesday, September 23 2015 at 4:23 PM

You’ll need more in your budget if buying in the nation’s capitals according to Australian Bureau of Statistics (ABS) data – and you can thank our two largest cities.

average price for a home in Australia’s capital cities rose 9.8 per cent across
the board over the last year, reaching $604,700.

ABS numbers reveal property prices in our eight major cities rose 4.7 per cent
over the three months to the end of June.

dollar terms, the figure is up $26,000 in the June quarter 2015.

saw prices surge 8.9 per cent in the June quarter, with a rise of 18.9 per cent
over the 2014/15 financial year.

won silver with price growth of 4.2 per cent in the latest quarter, and an
annual rise of 7.8 per cent.

the two big capitals, price gains were relatively flat, with all other cities
having less than one per cent gain over the quarter, and less than three per
cent for the year.

and Darwin actually recorded annual price retractions of 1.2 per cent and 1.8
per cent respectively.


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