Property prices in Australian capital cities up by almost 11% year on year

Property prices in Australian capital cities up by almost 11% year on year- PropertyWrite

Property prices in capital cities in Australia increased by 1.4% in December and by 10.9% year on year, the highest annual growth since 2009, the latest index figures show.

But there is considerable variation with annual prices rising by 15.5% in Sydney but falling 4.3% in Perth while Melbourne and Hobart recorded gains higher than 10%, according to the data from CoreLogic.

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