How prices have risen since 2002: Pete Wargent

How prices have risen since 2002: Pete Wargent
How prices have risen since 2002: Pete Wargent

The full ABS Residential Property Price Indexes (Eight Capital Cities) since its inception in 2003.

Price gains by capital city since 2003 included gains of 157% in Darwin, 120% in Melbourne, 119% in Perth, 87% in Sydney, 85% in Hobart, 82% in Brisbane, 85% in Adelaide, and 66% in Canberra.

The average capital city house increased in price by 164% since 2002.

The attached dwellings series doesn't run back that far, but also recorded large gains from its inception.

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.

His latest book is Four Green Houses and a Red Hotel.

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

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