Housing Market Starts Off Year On Strong Footing

Highlights over the three months to January 2015:

Best performing capital city: Hobart +4.4%

Weakest performing capital city: Darwin -2.6%

Highest gross rental yields: Darwin houses at 6.0% and Darwin units at 5.9%

Lowest gross rental yields: Melbourne houses at 3.2% and Melbourne units at 4.2%

Most expensive city: Sydney, with a median dwelling price of $723,000

Most affordable city: Hobart, with a median dwelling price of $341,000

Source CoreLogic