myMarket Reports shed light on national markets
LJ Hooker’s recently released Quarter 4 myMarket Report has analysed the various market price movements across Australia’s capital cities.
All capitals, with the exception of Sydney, have recorded falling or flat price growth over the September quarter.
The Sydney market, however, continues to clearly lead the pack despite price growth below what was recorded over the December quarter 2013.
After recording solid growth earlier in the year, house prices in the Brisbane, Adelaide and Hobart markets were flat over the September quarter. Perth house prices have continued to soften this year following a lengthy period of growth. The Melbourne market also continues to moderate, with price growth trends clearly under-performing over the first three quarters of this year.
The Canberra and Darwin markets have fluctuated recently although underlying trend growth over the past year remains flat.
Median capital city property prices (September quarter)