PHOTO: Domain House Price Report

“Housing market conditions remain varied across Australia’s capital cities. Most capitals ended the calendar year in decline, while the pace slowed in the cities that did record positive growth. Only two capital cities saw house price increases in 2018, with Hobart the clear standout performer, followed by Adelaide. Canberra and Brisbane remained flat.” “Despite weakness across the unit markets in all capital cities apart from Adelaide, national unit prices are holding firmer relative to houses. Affordability constraints and increased first-home buyer activity in Sydney and Melbourne have supported unit demand.” Domain Senior Research Analyst, Dr Nicola Powell.