Prices rise in all but two capitals

The data shows the weighted average capital city median price rose by 1.9 per cent for houses and 1.7 per cent for other dwellings in the March quarter.

However, results were patchy across the capital cities.

Hobart prices rose by the greatest margin, climbing 4.1 per cent in the period.

Sydney and Melbourne also recorded surges, rising 3.1 per cent and 3.7 per cent respectively.

Brisbane and PerthPerth, TAS Perth, WA, on the other hand, took a hit in the first part of the year.

In Brisbane, the median fell by 1.1 per cent to $460,000.

The tumble in Perth was more dramatic, with prices coming down by 1.6 per cent to a median of $540,000.

For other dwellings, results were less positive.

Sydney, Melbourne and Darwin were the only cities to see a rise in the median price.

Darwin, in particular, underwent a rapid increase as the median price for other dwellings rose by 18 per cent.

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Prices rise in all but two capitals

Staff Reporter

Last Updated: 22 December 2017 Published: 11 June 2014