Sydney
• The Sydney market for houses and units is stable. The annual growth figure for houses is 4.6
per cent and for units under one per cent.
• Overall, houses experienced only modest gains, despite the significant upward price
pressures being felt in premium markets.
• Expect more forced sales and bankruptcies in less affluent areas as the looming interest rate
rise bites hard.
Canberra
• Canberra is the most heated of Australian property markets. The annual growth figure for
houses is 17.7 per cent and for units 9.7 per cent.
Melbourne
• The Melbourne property market is booming as predicted.
• Nineteen per cent growth year-on -year for Melbourne house values is unsustainable.
• House values grew substantially for the quarter to September 9.6 per cent.
• Unit prices grew strongly for the quarter to September 9.5 per cent.
• Melbourne’s prestige markets continue to experience over double digit growth
• Expect strong growth patterns to slow with changes in Monetary policy
Brisbane
• Brisbane house and unit values grew strongly for the quarter to September, 2.4 and 1.1 per
cent respectively.
• The more affluent Brisbane East market continues to be a star performer. House prices grew
by 11.4 per cent for the year to September.
• Overall, the Brisbane market for houses and units is strong. The annual growth figure for
houses is 16.7 per cent and for units 9.8 per cent.
Adelaide
• The Adelaide market for houses and units is strong. The annual growth figure for houses is
10.6 per cent and for units 14.4 per cent.
Perth & Darwin
• The resource heavy capitals are experiencing stable conditions after reaching their peak in
the December 2006 quarter. Expect falls in future quarters following soft market conditions.
• The resource heavy capitals are experiencing stable conditions after reaching their peak in
the December 2006 quarter. Expect falls in future quarters following soft market conditions.
