Two-tier property market highlights differences around the country
Property prices in Sydney, Melbourne, Adelaide and Canberra achieved double-digit growth in the year to September 30, but Perth and Darwin saw prices fall 7% and 6% respectively, according to CoreLogic's Hedonic Home Value Index.
Property prices in Australia's combined capital cities have now been growing for 50 consecutive months, but the growth is patchy, with Melbourne and Sydney accounting for most of the gains, says CoreLogic.