ACT records smallest property increase

CANBERRA house prices had the smallest increase in the country at the end of last year, according to new data. Canberra

Australian Bureau of Statistics data issued today showed that Canberra house prices increased by just 0.4 per cent in the December quarter, while attached dwellings rose by just 0.1 per cent.

Residential property prices rose in every capital city in the December quarter and nationally, home prices rose by 9.3 per cent during the past year.

The average price of Australia’s 9.3 million residential properties is now $539,400 (up from $496,800 in the December quarter 2012).

 

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