By Stephen Johnson, Economics Reporter For Daily Mail Australia
Published: 02:08 BST, 12 April 2021 | Updated: 03:29 BST, 12 April 2021
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.Insurance Loans Mortgage Attorney Credit Lawyer
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
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 $584,974Insurance Loans Mortgage Attorney Credit Lawyer
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