Ray White Now - May 2024 | Page 4

Over the past month we ’ ve continued to see all markets appreciate in value , with the greatest growth still coming from historically volatile markets . Perth remains out ahead with the mismatch in demand and supply likely to cause continued growth for this market over the short to medium term , up 1.1 per cent this last month , recording an annual change of close to 22 per cent . The $ 785,184 median home price has hindered affordability for this market , similar to Adelaide which is now at $ 795,047 . This market continues to see strong growth , up 0.7 per cent this month .
Population gains in Brisbane have kept growth elevated , recording a 0.7 per cent increase this month ; annual growth is up by 12.3 per cent to $ 916,732 . The smaller regions of Darwin and Hobart have recorded some of the highest growth this month at 0.9 and 0.7 per cent respectively , while the larger regions of Sydney and Melbourne have shown more subdued growth levels .