East coast capitals lead the charge
The latest property recovery is being driven by Sydney, Melbourne and Brisbane while other capitals lag behind, latest housing data from the Australian Bureau of Statistics show.
Over the year to June, Sydney prices climbed by 15.6 per cent while Melbourne saw increases of 9.3 per cent, the ABS data shows.
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Brisbane came several percentage points behind at 6.8 per cent growth for the year.
In the past quarter alone, prices rose 3.1 per cent in Sydney, 1.8 per cent in Brisbane and 1.3 per cent in Melbourne.
Yet other capitals have recorded more moderate results.
Values in Adelaide increased by 5.6 per cent over the year and one per cent over the quarter.
Perth has grown by just 3.6 per cent in the past 12 months, falling below Hobart which rose by 4.3 per cent.
In the last quarter, Perth prices dipped by 0.2 per cent, making Perth the only city to record a decrease in that period.
Darwin prices grew by just 3.4 per cent while Canberra increased by 2.2 per cent.
