The strongest capital city growth market continues to be Perth . Prices are now up almost 10 per cent compared to last year although they did stabilise over the month . Meanwhile , the slower markets of Melbourne and Hobart are strengthening . Although growth is less than half that of Perth , both cities saw strong increases in October of 0.5 per cent .
The capital city unit market meanwhile is moving a bit slower , perhaps driven by greater ownership by investors . The median is well in excess of the 2022 peak and prices are overall up over the month however we did see a slight decline in the strongest markets of Adelaide , Perth , Brisbane and Darwin . Adelaide however remains the strongest market for units on a year on year basis while Hobart , a city that has too few units , saw the biggest jump over the month .