Property prices increasing in the smaller capital cities

Brisbane and Adelaide continue to be the standout property markets in the country, continuing the strong run of monthly gains.

In the past month Brisbane property values have increased 0.8 per cent, while Adelaide has seen an increase of 1.8 per cent.

Both Sydney and Melbourne markets have eased after a record-setting 18 months, with values lower by 1.0 per cent and 0.7 per cent respectively.

Perth values had been rising since the reopening of the state borders, however, over the past week growth has flattened out.

Brisbane property values are now 27.8 per cent higher than this time last year, marking an incredible run for Australia’s third-largest city.