Sydney house prices streak ahead in September quarter: RP Data
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:
Change: +4.5%
Median price: $792,000
Change: +4.5%
Median price: $415,000
Change: +1.8%
Median price: $615,000
Change: +1.5%
Median price: $470,000
Change: 0.0%
Median price: $540,000
Change: -1.0%
Median price: $570,000
Change: -2.7%
Median price: $330,000
Change: -2.7%
Median price: $566,000
