Sydney house prices streak ahead in September quarter: RP Data

Sydney house prices streak ahead in September quarter: RP Data
Jessie RichardsonDecember 7, 2020

Sydney's house market had the highest growth of any capital city for the quarter to September, according to RP Data.

The Sydney median house price now sits at $792,000, after 4.5% quarterly growth. The next biggest price gain was seen in Adelaide, with 2%.

Three cities – Hobart, Darwin and Canberra – all recorded a house price downturn for the quarter, while Perth was stagnant.

Tim Lawless, RP Data's head of research, said Perth and Canberra had moved past the peak of the current price cycle, while on a yearly basis, " it is clear that the rate of capital  growth is continuing to moderate".

The quarterly house price figures:

  • Sydney

Change: +4.5%
Median price: $792,000

  • Adelaide

Change: +4.5%
Median price: $415,000

Change: +1.8%
Median price: $615,000

  • Brisbane

Change: +1.5%
Median price: $470,000

  • Perth

Change: 0.0%
Median price: $540,000

  • Darwin

Change: -1.0%
Median price: $570,000

  • Hobart

Change: -2.7%
Median price: $330,000

  • Darwin

Change: -2.7%
Median price: $566,000

 

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