House prices keep rising
MICHELLE PAINE
January 28, 2010 06:47am
BATTERY Point has led house and unit price rises in Tasmania in 2009, followed by Chigwell and Lindisfarne.
Hobart was the second-strongest housing market in the country last year, with median house and unit prices growing more than 14 per cent.
The Australian Property Monitors report showed the median Battery Point house price rose 28.4 per cent and units 32.8 per cent compared with 2008.
Where houses were concerned, Chigwell was next with 18.9 per cent, followed by Carlton, 17.8 per cent, Seven Mile Beach, 17.3 per cent, and Dynnyrne with 15.9 per cent.
In the top performers in units, Lindisfarne prices increased 25.6 per cent, Sandy Bay 24.6 per cent, Kingston 6.6 per cent and Hobart 6 per cent.
Hobart's median house price in the last three months was $321,798, up from $303,067 in the September quarter.
The median unit price was $246,854, up from $234,431.
Suburbs with at least 20 annual sales and with full price histories were counted.
Nationally the property market posted a 4.8 per cent rise in median prices for the December quarter, and a 12.1 per cent rise for the year.
Melbourne had the strongest housing market for the second quarter in a row, with the highest annual growth rate of 18.5 per cent, forcing median house prices past the $500,000 barrier for the first time.
Sydney rose by the national average of 12.1 per cent, with Sylvania Waters house prices growing 53.8 per cent and Taren Point 38.4 per cent.
Perth's annual growth was 8.7 per cent, Darwin lifted 13.5 per cent and Brisbane was up 7.7 per cent.
Adelaide remains the most affordable capital after posting the slowest median annual house growth at 2.4 per cent.
APM economist Matthew Bell said upgraders and investors drove the "extraordinary" overall result, with activity in the more expensive suburbs benefiting from the resilient jobs market.
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