Property prices growing at varying rates across the country

Australia’s property market enjoyed extraordinary growth during 2021, but a city-by-city breakdown shows that different markets are at different stages of their cycle.

Looking at a basket of all Australian homes, the median price increased 22.1% last year, according to CoreLogic. Looking just at the capital cities:

• Sydney’s monthly growth rate peaked at 3.7% in March and was 0.3% in December
• Melbourne peaked at 2.4% in March and fell 0.1% in December
• Perth peaked at 2.7% in February and rose 0.4% in December
• Hobart peaked at 3.3% in March and rose 1.0% in December
• Canberra peaked at 2.8% in March and rose 0.9% in December
• Darwin peaked at 2.7% in April and rose 0.6% in December
• Brisbane 2.9% growth in December
• Adelaide 2.6% in December

Anthony Landahl | Managing Director Equilibria Finance

This is for general information purposes only and does not constitute advice. With all of these options there are a number of considerations outside the scope of what is covered in this article that you need to understand to ensure your personal circumstances are taken into consideration.

Equilibria Finance is a mortgage broking practice specialising in delivering residential and commercial mortgage and business and asset finance solutions to the clients of financial advice and accounting practices.