In the past month , all property markets have witnessed appreciation in value , with the most significant growth originating from historically volatile markets . Leading the pack is Perth , with its demand-supply imbalance likely to fuel continued growth in the short to medium term . Prices surged by 2.5 per cent last month , resulting in an impressive annual change of 23.9 per cent , the median home price of $ 799,648 has posed affordability challenges , a trend mirrored in Adelaide ( now at $ 806,831 ), which also maintains robust growth at 1.3 per cent this month .
Population gains have buoyed growth in Brisbane , contributing to a 1.3 per cent increase this month . The annual growth rate stands at 12.8 per cent , with the median price reaching $ 923,383 . Notably , Darwin experienced substantial growth , rising by 1.4 per cent this month , while Sydney and Melbourne have shown more subdued growth levels however remain integral players in the Australian property landscape as the housing market continues to evolve .