Capital city price growth soars

Country Victoria experienced the biggest growth of any non-metro region, with the median house price rising 4.6 per cent per annum to $366,000.

Meanwhile, Sydney’s median house price climbed 7.1 per cent to $1.07 million over the decade, while country NSW’s median house price climbed 3.7 per cent to $429,000.

Adelaide house prices increased 4.6 per cent to $443,000, while country South Australia house prices increased 3.2 per cent to $262,000.

Brisbane house prices rose 4.1 per cent to $501,000, while country Queensland house prices rose 3.2 per cent to $402,000.
Perth experienced a 3.2 per cent increase in its median house price, to $527,000, while country Western Australia experienced a 2.1 per cent increase, to $322,000.

Hobart houses grew by 3.0 per cent to $387,000, while country Tasmania house prices grew 2.4 per cent to $267,000.

Meanwhile, Sydney experienced the largest price growth for units over the decade to 2015, with the median price surging 6.3 per cent per annum to $689,000.

That was more than double the growth rate of regional NSW, where units increased by 2.7 per cent to $358,000.

Melbourne’s median unit price rose 5.5 per cent to $496,000, while country Victoria’s median unit price rose 3.7 per cent to $274,000

Perth units grew 4.4 per cent to $447,000, while country WA units grew 2.5 per cent to $300,000.

South Australia posted similar figures, with Adelaide units up 4.3 per cent to $319,000 and regional units up 2.2 per cent to $226,000.

Brisbane’s median unit price climbed 3.8 per cent to $385,000, while country Queensland’s median unit price climbed 1.6 per cent to $335,000.

Hobart units increased 3.3 per cent to $278,000, while country Tasmania units increased 1.8 per cent to $200,000.

[Related: Melbourne leads for house price growth]