New house value data has revealed the state of the national property market heading into 2016 – with one city emerging as a stand-out performer.
Brisbane has entered 2016 as the country’s fastest-growing capital city market, while Sydney is the biggest loser, according to the latest figures from CoreLogic RP Data.
Brisbane’s median dwelling price rose 0.9 per cent month-on-month in December and 1.3 per cent quarter-on-quarter, according to the company.
The troubledmarket recorded 2.3 per cent growth over the month, although the median dwelling price fell 0.2 per cent over the quarter.
Hobart recorded a 0.8 per cent monthly increase alongside a 0.2 per cent quarterly decrease.
In Melbourne, dwelling prices rose 1 per cent over the month but fell 1.9 per cent over the quarter.
The situation was reversed in Adelaide, with prices down 1.5 per cent over the month but up 0.6 per cent over the quarter.
Darwin’s median dwelling price held steady in December, but fell 1.4 per cent during the final three months of 2015.
Canberra recorded a double set of losses, with prices down 1.1 per cent over the month and 0.1 per cent over the quarter.
Sydney’s decline was even greater, with the median dwelling price dropping 1.2 per cent over the month and 2.3 per cent over the quarter.