Sydney and Melbourne house prices surging by 16 to 18 per cent in a year, ...

Revealed: How house prices are ALREADY surging by 18 per cent in just one year with typical values back above $1million for the first time in three years Melbourne's inner east has enjoyed 18.3 per cent annual property price rises It was Australia's best performing metropolitan housing market, February 2020 Sydney home to seven of Australia's top ten property markets, CoreLogic said City's outer north-west, inner west and north saw 16 per cent real estate rises Sydney's median house price back above $1million for the first time since 2017 

By Stephen Johnson For Daily Mail Australia

Published: 23:37 GMT, 1 March 2020 | Updated: 01:23 GMT, 2 March 2020

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House prices in Australia's biggest cities are surging by double-digit figures despite the summer bushfires and the coronavirus.

Melbourne's inner east, which includes the upmarket suburbs of Kew and Hawthorn, was Australia's best performing market with property values soaring by 18.3 per cent in the year to February 2020, CoreLogic data showed.

Only a year ago, it was Australia's worst performing metropolitan property market.

Melbourne's inner east, which includes the upmarket suburbs of Kew (three-bedroom house pictured) and Hawthorn, was Australia's best performing market with property values soaring by 18.3 per cent in the year to February 2020, CoreLogic data showed.

Melbourne's inner east, which includes the upmarket suburbs of Kew (three-bedroom house pictured) and Hawthorn, was Australia's best performing market with property values soaring by 18.3 per cent in the year to February 2020, CoreLogic data showed. 

Sydney is also bouncing back from a record downturn, with property prices in the Baulkham Hills and Hawkesbury, Inner West and Ryde areas climbing by an impressive 16 per cent.

Australia's most wanted

Melbourne inner east: up 18.3 per cent

Sydney north west (Baulkham Hills and Hawkesbury): up 16.4 per cent

Sydney Inner West: up 16.1 per cent

Sydney north (Ryde): 15.9 per cent

Melbourne inner: 13.7 per cent

Melbourne inner south: 12.9 per cent

Sydney Northern Beaches: 12.8 per cent

Sydney city and inner south: 12.8 per cent

Sydney North Shore and Hornsby:

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