Domain: House prices soar to record highs across six capitals

Domain has released its June quarter house price report, which recorded 5.8% growth in detached house prices at the national capital city level, with values up a whopping 18.8% year-on-year:

Detached house prices

Insane price growth.

As shown above, all capitals recorded double-digit price growth in the 2020-21 Financial Years.

As expected, unit price growth was much weaker at only 6.7% nationally in the 2020-21 Financial Year:

Unit price growth

Units lag.

According to Domain, six capital cities hit record price highs in the June quarter: Adelaide, Hobart, Brisbane, Canberra, Melbourne and Sydney.

Here’s how Domain’s price results compare to CoreLogic’s:

CoreLogic

CoreLogic’s June 2021 price results.

Both indexes are turbo-charged.

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