4 property market trends to expect in 2022
The impacts of COVID-19 are expected to continue to sway the property market in the year ahead, even as the country’s ...
Red-hot Sydney is only middle of the pack when it comes to house price appreciation over the past 10 years.
Darwin house prices have led the way, growing by an average of 8.05 per cent per annum between January 2005 and January 2015, according to Residex.
Darwin was also the leading capital city for unit price growth, recording an average gain of 9.14 per cent between 2005 and 2015.
Next came Perth units with 6.89 per cent, Melbourne units with 5.48 per cent and Adelaide units with 4.97 per cent.
Sydney took fifth place with 4.83 per cent, followed by Brisbane with 4.08 per cent, Canberra with 3.20 per cent and Hobart with 3.10 per cent.
The statistics also revealed that capital city house prices grew 12.70 per cent faster than unit prices.
Houses prices across the eight capitals grew by an average of 4.70 per cent during the decade compared to 4.17 per cent for units.