Canberra overtakes Darwin to be third most expensive capial city: CoreLogic RP Data
Michael CrawfordDecember 7, 2020
Both Sydney and Melbourne have had comfortable dwelling value increases over the financial year, with Sydney increasing by 16.2% and Melbourne 10.2%.
But Canberra's growth put it in third place, replacing Darwin.
According to the CoreLogic June RP Data Hedonic Home Value Index, every other capital city grew less than 5%, with dwelling values are down over the year in Darwin (-2.9%) and Perth (-0.9 %).
The median price for a home in Sydney is $900,000, with the Melbourne median at $615,000, based on sales during the past quarter.
Capital Growth to June 30
Michael Crawford
Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.
