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Adelaide the most affordable capital city

29/01/2010

Median national house prices rose 4.8 per cent in the December quarter, bringing the rise for 2009 to 12.1 per cent.

Melbourne's prices jumped 18.5 per cent for the year, past the $500,000 mark for the first time. Sydney's median house prices rose 12.1 per cent over the year, while Perth's annual growth was 8.7 per cent to back over $500,000, a level not seen since March 2008, APM said.

Hobart was the second strongest market nationally with median house prices rising over 14 per cent in 2009 while prices in Darwin lifted 13.5 per cent and Brisbane's 7.7 per cent. Adelaide remains the most affordable capital after posting the slowest median annual growth for houses at 2.4 per cent.

Source: Herald Sun



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