Canberra overtakes Darwin to be third most expensive capial city: CoreLogic RP Data

Canberra overtakes Darwin to be third most expensive capial city: CoreLogic RP Data
Canberra overtakes Darwin to be third most expensive capial city: CoreLogic RP Data

Both Sydney and Melbourne have had comfortable dwelling value increases over the financial year, with Sydney increasing by 16.2% and Melbourne 10.2%.

But Canberra's growth put it in third place, replacing Darwin.

According to the CoreLogic June RP Data Hedonic Home Value Index, every other capital city grew less than 5%, with dwelling values are down over the year in Darwin (-2.9%) and Perth (-0.9 %). 

The median price for a home in Sydney is $900,000, with the Melbourne median at $615,000, based on sales during the past quarter.

Click to enlarge

Capital Growth to June 30

Canberra overtakes Darwin to be third most expensive capial city: CoreLogic RP Data

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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Value Increases

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