House prices in Australia were up 3.1 percent in the second quarter of 2010 compared to the previous quarter, the Australian Bureau of Statistics said on Wednesday. That was higher than forecasts for a 2.0 percent increase following the 4.8 percent gain in the first quarter.
By region on quarter, Sydney house prices were up 4.9 percent, followed by gains from Melbourne (3.6 percent), Adelaide (3.2 percent), Darwin (2.8 percent), Canberra (2.1 percent), Perth (0.4 percent), Brisbane (0.3 percent) and Hobart (0.1 percent).
On an annual basis, house prices climbed 18.4 percent after gathering 20.0 percent in the previous three months.
By region on year, Melbourne house prices jumped 24.3 percent, followed by gains from Sydney (21.4 percent), Canberra (19.6 percent), Darwin (14.6 percent), Perth (13.0 percent), Adelaide (11.6 percent), Hobart (10.8 percent) and Brisbane (8.5 percent).
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