All dwellings

1. Warrandyte, Vic
2. Bellerive, Tas
3. South Hobart, Tas
4. Eltham, Vic
5. Battery Point, Tas

6. Hobart, Tas
7. Middle Park, Vic
8. Albert Park, Vic
9. West Hobart, Tas
10. Eltham North, Vic

 

Median Price

YoY growth

Across Australia, prices have increased by 6.3% over the year. Over the past quarter, however, we have seen a significant slowdown. Sydney and Perth are experiencing the biggest declines, yet there is a very different outlook for each. Sydney is expected to see continued declines, while Perth is likely to see a sustained pickup throughout 2018 driven by demand levels which continue to increase in the city. With official employment data for Q1 2018 still to be released, we can predict that it is likely to show a stronger pickup for Perth and a slowing in Sydney. Perth is in the midst of a slow but steady recovery, having been in downfall for four long years. 
The cities seeing the strongest price growth are Canberra and Hobart, supported by sustained demand for property. Melbourne has experienced a 3% downturn in prices over the past quarter. Despite this, levels of interest from buyers suggest that a downturn will be relatively short-lived and prices will rise over the course of 2018 - albeit at a slower rate to what we saw in 2017.

Courtesy: Australian Property Market Report March 2018 - realestate.com.au