Unit price growth outshone by houses: RP Data
Over the quarter to September, houses performed better than units in the country's capital cities, according to RP Data.
RP Data's Daily Home Values Index recorded 2.3% growth in house values for the three month period, while units increased by a more modest 1.3%.
The house price growth was largely driven by Sydney's 4.5% quarterly increase, but in the unit market, Adelaide was the best performer.
The South Australian capital recorded a 3.1% increase in unit values. Sydney's unit prices increased by 1.7%, pushed out of second place by Melbourne, with 2.2% growth.
Four of the remaining capital cities recorded a value decrease.
Unit prices in the Northern Territory capital dropped by the largest proportion, with a 4.7% dip.
The quarterly unit price figures:
- Adelaide
Change: +3.1%
Median price: $333,000
Change: +2.2%
Median price: $472,000
- Sydney
Change: +1.7%
Median price: $590,000
- Canberra
Change: 1.0%
Median price: $398,500
- Brisbane
Change: -0.4%
Median price: $380,000
- Perth
Change: -3.0%
Median price: $450,000
- Hobart
Change: -3.8%
Median price: $250,000
- Darwin
Change: -4.7%
Median price: $536,200
Source: RP Data.
