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Property prices shooting up again as Perth soars, Melbourne reverses slide

The pace of national property price rises has taken off again, with the three red hot capitals - Perth, Adelaide, Brisbane - leading the charge and only one state capital regressing.

Melbourne at night
The lights have been turned on again in the Melbourne property market. (Image source: Shutterstock.com)

Perth’s property market is going gangbusters, Melbourne has emerged from a three month slump, and Hobart stands alone as the country’s only capital going backwards.

These were among the revelations in the latest data releases from the major property market analysts.

Nationally, property prices in the capitals and regions alike were 0.6 per cent higher in February, up from 0.4 per cent the previous month.

CoreLogic’s Home Value Index for Februa…

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