PHOTO: ‘Sleeping giant’ charts whopping 17.3 per cent house price growth Photo: Tamara Voninski.

Hobart has been declared the unlikely star of Australia’s 2017 property market, charting a stellar 17.3 per cent growth rate in house prices, putting the usual mainland glitterati into the shade.

Even Melbourne, the next strongest performer for the year to the end of December 2017, could manage only 11.3 per cent growth, while both southern capitals roundly thrashed Sydney’s weak growth of just four per cent, the Domain Group’s latest house price report has revealed.