Australian House Prices Surge 5.9 Per Cent in 2009

CrocodileDARWIN has been Australia’s best performing capital city this year, in regard to home value growth, according to the latest survey by research group RP Data.

The Northern Territory city reported a 10.8 per cent increase in home values for the first seven months of 2009, to $466,903.

This makes Darwin more expensive than Melbourne (where values surged 8.5 per cent to $454,524) and Brisbane (up 3.8 per cent to $437,175), but not as pricey as Sydney (up 6.6 per cent to $537,396) or Canberra (up 5.4 per cent to $477,627).

The two worst performing capital cities were Perth, where RP Data says home values increased 2.5 per cent to $481,493, and Adelaide, where values rose just 1.9 per cent to $402,681.

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