Why Perth and Darwin are the only Australian capital cities where house prices ...

Where you should buy now: The two cities where home prices HAVEN'T peaked and are tipped to surge 19% this year - and properties near the CBD are cheap House prices in Perth, Darwin are still below the 2014 peak from mining boom  ANZ bank is predicting a 19 per cent increase in 2021 for West Australian capital These cities are among the third of Australian home markets not at a record high 

By Stephen Johnson, Economics Reporter For Daily Mail Australia

Published: 02:08 BST, 12 April 2021 | Updated: 03:29 BST, 12 April 2021

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Millennials struggling with record house prices can still find bargains in two Australian cities where values remain below previous peaks - but are set to surge in 2021.

In March, house prices hit all-time highs in 61 of Australia's 88 sub markets but Perth and Darwin weren't among them.

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Median house prices in both capitals are still below the 2014 peak following the end of the mining boom.

CoreLogic's head of research Eliza Owen said Perth house prices were still 15.9 per cent below the previous peak reached in June 2014.

Two major Australian cities still haven't hit a property price record amid predictions one of them will see a 19 per cent surge in 2021 alone. Pictured is a two-bedroom house on the market at Stirling in Perth's north west selling for $599,000

Two major Australian cities still haven't hit a property price record amid predictions one of them will see a 19 per cent surge in 2021 alone. Pictured is a two-bedroom house on the market at Stirling in Perth's north west selling for $599,000

House prices rise everywhere

Sydney: up 4.3 per cent to $1,112,671

Melbourne: up 2.6 per cent to $859,097

Brisbane: up 2.6 per cent to $607,969

Adelaide: up 1.6 per cent to $518,692

Perth: up 1.8 per cent to $527,833

Hobart: up 3 per cent to $584,974

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Darwin: up 1.9 per cent to $519,575

Canberra: up 3.3 per cent to $819,707

Source: CoreLogic Home Value Index for March 2021 on median house prices

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