House prices up 1.9 pct in Dec quarter

Australian capital city house prices rose 1.9 per cent in the December quarter, for an annual gain of 6.8 per cent, official figures show.

An apartment with a 'For Sale/Sold' sign in Sydney
Australian capital city house prices rose 1.9 per cent in the December quarter, matching market expectations, official figures show.

In the year to December, the house price index was up 6.8 per cent, the Australian Bureau of Statistics said on Tuesday.

Sydney led the charge, the only capital city with a double digit gain for the year.

Perth and Darwin had the weakest outcomes.

CAPITAL CITY HOUSE PRICES IN 2014:

* Sydney - rose 12.2%

* Brisbane - rose 5.3%

* Melbourne - rose 4.5%

* Adelaide - rose 2.5%

* Hobart - rose 2.2%

* Canberra - rose 1.7%

* Perth - rose 1.2%

* Darwin - rose 0.8%

Source: Australian Bureau of Statistics


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