Overall, the Australian property market performed well in the June quarter.
Sydney, Melbourne and Brisbane achieved strong gains in the June quarter, with the exception of Brisbane units which remained virtually unchanged. Quarterly growth in the Hobart house market has begun to subside, with values falling 1.34% over the June quarter. The resource markets in WA and NT have continued to decline, however the pace of the reductions has slowed. In Darwin, median values dropped 5.16% and 6.23% in the year to June, in the house and unit markets respectively.