Which Australian capital city has seen the strongest house price growth over the past 20 years? According to median house price data from the Australian Bureau of Statistics (ABS), Adelaide takes the top spot, with an impressive 209% growth from June 2004 to June 2024.
Here’s how the other capital cities compare:
- Adelaide: 209% growth
- Hobart: 193% growth
- Brisbane: 190% growth
- Perth: 186% growth
- Sydney: 181% growth
- Melbourne: 165% growth
- Canberra: 160% growth
- Darwin: 136% growth
The data demonstrates that regardless of the city, property owners who bought homes two decades ago have seen significant capital appreciation. This explains why property investing remains a favored wealth-building strategy for many Australians. The figures highlight the long-term benefits of homeownership and investing in real estate across the country’s major cities.
Whether you’re a seasoned investor or first-time buyer, understanding these trends can help you make informed decisions in today’s property market
