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Sydney house prices doubled in 10 years

The East Coast has led the Australian property market over the past 10 years with Sydney being the standout performer.

 

The Harbour City has seen house prices increase 107.1 per cent in 10 years according to CoreLogic, making it the best-performed market in the nation.

 

House prices in Melbourne (81.5 per cent), Brisbane (86.9 per cent), Adelaide (81.5 per cent), Hobart (85.5 per cent) and Canberra (81 per cent) also saw strong gains during the same period.

 

Meanwhile, Perth increased by just 35 per cent and Darwin fell by 0.4 per cent.

 

Nationally, median house prices increased by 85.3 per cent to $816,599 over the past 10 years.

 

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