Author
Jacqueline So is the Asia-Pacific News Editor - Law at Key Media. She was a former features writer at Your Investment Property Magazine.
Perth spent most of 2019 trading places with Darwin at the bottom of the national residential market, but even though it remained the second-weakest capital city, CoreLogic’s Home Value Index for November 2019 had good news for WA. Dwelling values actually increased by 0.4% over the October–November period. This was the first month-on-month boost recorded since the first half of 2018.
The bottom continues to fall out from under Darwin as property prices yet again dropped in the three months to November 2019, causing it to be once more branded as the poorest performer among Australia’s capital cities, after briefly relinquishing the title to Perth.
Hobart finished 2019 as the capital city with the highest growth rate in the 12 months to November, capping off what was a spectacular run at the top of the national property market.