Capital city property markets steady in March

Staff Reporter Wednesday, 16 Apr 2008 1 minute read

The first round of data on residential property performance for March was released yesterday, indicating a still cautious but more confident mood in the market.

According to Residex all capital city house and unit markets achieved steady growth over March except Canberra where house and unit prices fell by 0.88 per cent and 0.96 per cent respectively.

Perth achieved strong results over the month with house prices rising by 2.93 per cent and units by three per cent. Hobart also performed well, with house and unit prices rising a respective 3.61 per cent and 1.94 per cent.

Country markets were not as strong however, with Residex noting slight price drops in most areas outside capital cities in eastern and southern states.

Published: 16-04-08

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