The monthly capital price growth figures: CoreLogic RP Data
Sydney once again outpaced its fellow capital cities, with the highest dwelling price growth for November, according to CoreLogic RP Data.
The New South Wales capital recorded 1% price growth for the month, with a median home price of $705,000 (based on sales settled over the quarter). Overall, capital city home values decreased by 0.3% in November.
Melbourne saw the biggest drop in values over November, with homes prices down 2.6% to a median of $568,500. It seems as though Sydney apartments were the weak link for late 2014 price growth.
The November 2014 capital city results – houses:
- Sydney
Monthly capital growth: 1.1%
Year-on-year capital growth: 14.3%
Median price: $825,000 - Perth
Monthly capital growth: 0.9%
Year-on-year capital growth: 1.5%
Median price: $530,000 - Hobart
Monthly capital growth: 0.4%
Year-on-year capital growth: 5.9%
Median price: $335,500 - Brisbane
Monthly capital growth: 0.3%
Year-on-year capital growth: 6.2%
Median price: $475,000 - Adelaide
Monthly capital growth: 0.0%
Year-on-year capital growth: 6.6%
Median price: $487,500 - Canberra
Monthly capital growth -0.3%
Year-on-year capital growth: -3.4%
Median price: $560,500 - Darwin
Monthly capital growth: -1.5%
Year-on-year capital growth: 2.0%
Median price: $564,500 - Melbourne
Monthly capital growth: -2.8%
Year-on-year capital growth: 9.0%
Median price: $633,000
This article continues on the next page. To see the November results for capital city units, click below.
The November 2014 capital city results – units:
- Darwin
Monthly capital growth: 2.7%
Year-on-year capital growth: -1.3%
Median price: $530,000 - Brisbane
Monthly capital growth: 1.3%
Year-on-year capital growth: 4.4%
Median price: $380,000 - Sydney
Monthly capital growth: 0.8%
Year-on-year capital growth: 8.7%
Median price: $605,000 - Perth
Monthly capital growth: 0.6%
Year-on-year capital growth: 1.3%
Median price: $445,000 - Melbourne
Monthly capital growth: -1.5%
Year-on-year capital growth: 3.1%
Median price: $475,000 - Hobart
Monthly capital growth: -2.1%
Year-on-year capital growth: -2.1%
Median price: $247,000 - Adelaide
Monthly capital growth: -3.0%
Year-on-year capital growth: 1.0%
Median price: $336,800 - Canberra
Monthly capital growth: -2.4%
Year-on-year capital growth: -0.6%
Median price: $410,800