By Robert Carry
The weighted average house price in Australia's capitals increased 4.2% in the September quarter, preliminary estimates from the Australian Bureau of Statistics (ABS) have shown.
According to the newly-released ABS estimates, Sydney saw in increase of 4.3% while there were also positive contributions from Melbourne (4.7%), Perth (4.5%), Brisbane (4.4%), Adelaide (1.7%), Canberra (4.3%), Darwin (3.4%) and Hobart (1.8%).
Over the year to September 2009, preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities increased 6.2%.
Annually, house prices rose in Darwin by 12.3%, Melbourne by 8.4%, Canberra by 7.8%, Sydney by 5.9%, Brisbane by 5.6%, Hobart by 5.4%, Perth by 4.4%, and Adelaide by 3.7%.
The movement in the preliminary established house price index between June quarters 2008 and 2009 has been revised from an estimated decrease of 1.4% to 0.7%.
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out