In the past month , capital city unit markets have mirrored trends seen in the housing sector . Perth leads the pack with the highest monthly growth of 1.2 per cent , translating to a 19.7 per cent annual increase and a mean price of $ 540,431 . Adelaide has solidified its position as another growth market , rising 0.5 per cent this month , while Brisbane ’ s growth has been more modest at 0.3 per cent . However , annual increases in these markets have been robust , with Adelaide up 15 per cent and Brisbane up 12.2 per cent .
Sydney and Canberra both recorded a slight 0.1 per cent monthly increase , while Darwin continued its upward trend with a 0.4 per cent monthly gain ( 4.6 per cent annually ). Hobart stands out as the only city showing a decline , dropping 0.2 per cent to $ 571,861 , representing a mere 1.8 per cent annual change . Melbourne remained static over the month , with its annual growth falling behind the national capital city average of 6.8 per cent .
Capital city unit price growth
Geometric mean unit prices per capital city and percentage growth over the past month and past year - Australia
Capital City Jun 2024 Month on month change Year on year change
Perth $ 540,431 1.2 % 19.7 %
Adelaide $ 558,039 0.5 % 15.0 %
Brisbane $ 616,584 0.3 % 12.2 %
Sydney $ 872,778 0.1 % 4.9 %
Darwin $ 373,514 0.4 % 4.6 %
Canberra $ 641,527 0.1 % 4.4 %
Melbourne $ 636,550 0.0 % 2.6 %
Hobart $ 571,861 −0.2 % 1.8 %
Capital City $ 690,338 0.2 % 6.8 %
Australia $ 656,066 0.2 % 7.1 %
Source : Neoval