Turtles and hares: Perth, regional areas power on as price rises slow elsewhere
Perth is racing ahead while Melbourne's real estate market continues to stagnate, but nationally dwelling values continue their inexorable climb to record levels month after month.
Three capital cities have entrenched their position as having the fastest-growing property markets, while Melbourne and the smaller capitals are flatlining. (Image source: Shutterstock.com)
Australia’s property market is becoming increasingly two-speed, with Perth, Adelaide and Brisbane recording strong monthly property price rises while other cities are seeing more modest gains.
In Melbourne’s case, the latest CoreLogic Hedonic Home Value Index has median dwelling values going backwards (-0.1 per cent), compared to Perth’s huge 2.0 per cent monthly gain.
April’s national 0.6 per cent increase takes the current growth cycle into its…
