PRICE MOVEMENTS
House and unit price growth continued in September after reaching a new peak in July . Year-on-year , we ’ re now recording the strongest growth since mid last year . Australian house prices increased by 6.1 per cent while units increased by 4.3 per cent over the past 12 months .
The city recording the strongest growth for houses over the year is Perth , with prices up 8.6 per cent . Brisbane and Adelaide are recording the strongest increases for units , increasing by 6.8 per cent and 6.9 per cent respectively .
While growth continues , the rate of monthly change slowed marginally in September compared to the previous month . While Perth houses continue to show the largest increases year-on-year , they saw a slight drop in September of 0.5 per cent . Adelaide units , also a very strong year-on-year performer , saw a decline during the month of 0.4 per cent .