Perth dwelling prices now 7.9% below their 2014 peak
Home prices rose by 10.9 per cent in the capital cities in 2016.
The gains were largely concentrated in Sydney (+15.5 per cent) and Melbourne (+13.7 per cent).
In Sydney home values rose by $10,000 per month in 2016.
Brisbane was a clear two-speed market and recorded gains of only +3.6 per cent overall.
Australia's regional centres recorded moderate gains of +2.8 per cent.
In Perth home values are now 7.9 per cent below their 2014 peak, and in Darwin prices are down by 5.9 per cent cumulatively.
Regional NSW performed well in parts but there was comparatively little joy elsewhere:
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.