Seven of the country’s eight capital cities recorded a bump in housing prices for the December quarter, according to the latest figures released by the Australian Bureau of Statistics.

In line with the booming state economy, Perth recorded the largest price increases at 2.9 per cent, equating to a 5.6 per cent year-on-year growth, while Darwin entered a close second at 2.6 per cent, which equated to a massive 10.1 per cent annual increase.

Not to be too far outdone, Sydney recorded a 2.3 per cent average growth to its housing prices, while real estate in Canberra recorded a 2.1 per cent increase in house prices.

Despite record levels of investment in residential construction across the city, Adelaide posted a 0.8 per cent growth, equating to a -0.4 per cent year-on-year contraction.

Melbourne and Brisbane both posted 0.7 per cent increases to their prices, recording a -0.2 per cent and 0.7 per cent annual growth respectively.

Hobart was the only city to record a slump in prices for the quarter, posting a -1.4 per cent fall in prices, which resulted in a -6.1 per cent annual decline.  

The full ABS data set can be found here