Capital city home values continued to rise in June, led by Sydney and Melbourne.
The CoreLogic June Home Value Index shows gains of 1.2 per cent in Sydney and 0.8 per cent in Melbourne.
All but one of the other state and territory capitals recorded falls, the exception being Hobart, where values rose 1.8 per cent.
The gains in Hobart may even be a spillover from the two bigger markets, according to CoreLogic's Asia Pacific research director, Tim Lawless.
"Potentially, the Hobart housing market is being fuelled by the sheer affordability of housing and a renewed trend towards Melbourne and Sydney buyers unlocking their equity to make lifestyle housing purchases," he said.
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Annual rises were similar, at just over 11 per cent in Sydney and Melbourne, although the median dwelling value was higher in Sydney, at $780,000, compared with Melbourne's $587,500.
The median value across all capitals was $580,000, with an average annual increase of 8.3 per cent.
