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.

1 min read

Published 3 January 2017 10:36am

Source: AAP

Share this with family and friends

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.

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.