Home prices trend up in Darwin, down in southern capitals

The Darwin property market was the strongest in the country in September and the only capital city to record price growth, as fresh data reveals a 12 per cent upswing in Darwin home prices in the past year.The latest Home Price Report from realestate.com.au showed the median home price in Darwin increased 0.1 per cent in September and 12 per cent annually to a new peak of $638,000.Picture: iStockThis was a highest annually growth of all capital city markets, with both Sydney and Melbourne recording falls of 5.5 per cent and 5.7 per cent respectively.Darwin house prices were up 0.2 per cent for the month and 12.1 per cent for the year to a median $729,000.The median unit price was sitting at $484,000 after a slight dip of 0.1 per cent for the month but a 12.3 per cent increases annually.MORE NEWS: Couple in caravan make $50 move, and land $14m‘Impeccably renovated’: Darwin home sets sales recordZuccoli land release to tempt buyers out of rentalsThe home at 5 Norcock Pl, Rapid Creek. sold for $1.4m in September. Picture: SuppliedRay White Darwin director and selling principal, Andrew Harding said despite the growth, Darwin remained the most affordable capital city in the country.Sydn...