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Sydney and Melbourne property prices have increased by about 50 per cent since 2009, while Hobart prices have actually fallen.
According to RP Data statistics for August, Sydney prices have increased 5.0 per cent over the quarter and 16.2 per cent over the year.
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Sydney prices have also grown 27.2 per cent since the current growth cycle started in June 2012 and by 50.1 per cent since the start of 2009.
Melbourne prices have climbed 6.4 per cent over the quarter, 11.7 per cent over the year, 19.5 per cent since June 2012 and 46.1 per cent since 2009.
Brisbane is up 1.3 per cent over the quarter and 5.4 per cent over the year but only 5.3 per cent since 2009.
Adelaide prices have recorded 1.5 per cent quarterly growth, 5.9 per cent annual growth and 9.9 per cent growth since 2009.
Perth has risen 1 per cent over the quarter, 3.5 per cent over the year and 15 per cent since 2009.
Hobart prices are up 2.8 per cent over the year but have fallen 0.8 per cent over the quarter and 1.5 per cent since 2009.
Australia’s eight state capitals posted a combined annual return of 4.2 per cent over the quarter and 10.9 per cent over the year.
RP Data research director Tim Lawless said the coming of spring was likely to produce an increase in listings numbers.
“Considering the ongoing high rate of auction clearance rates, a generally rapid rate of sale and the ongoing low interest rate environment, it’s likely that dwelling values will rise even further over the next three months,” he said.
“Consumer confidence is also moving in the right direction now after the post-Budget slump, which will add fuel to the exuberant buying and selling conditions we have seen during winter.”
[Related: RP Data statistics for July]
