Home prices jumped 10.9% in 2016

Capital city home prices jumped 1.4 per cent in December, boosting annual growth to 10.9 per cent, RP Data-Core Logic research shows.

Housing in Australia

Housing in Australia Source: AAP

Home prices in Australia's capital cities rose 10.9 per cent in 2016, their biggest annual jump in seven years.

Dwelling values also rose 1.4 per cent in December, the most recent RP Data-Core Logic Home Value Index shows.

In the three months to December 30, Darwin was the strongest housing market with prices jumping 5.9 per cent, while Adelaide was the weakest with prices falling 1.6 per cent.



Share
1 min read

Published

Updated


Share this with family and friends


News

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS Audio
SBS On Demand

Listen to our podcasts
Independent news and stories connecting you to life in Australia and Mandarin-speaking Australians.
Understand the quirky parts of Aussie life.
Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS
Simplified Chinese Collection

Simplified Chinese Collection

Watch onDemand