Dwelling values rose by 5.8 per cent in Sydney over the last quarter , the strongest increase since April 2009 . The increase has brought the median house price to $ 690,000 in the Harbour city . Sydney 's strong performance led the national dwelling value to heighten by 3 per cent . In Melbourne and Perth, prices fell for a second consecutive quarter, with both cities recording falls of more than 2 per cent.
Dwelling values rose by 5.8 per cent in Sydney over the last quarter , the strongest increase since April 2009 . The increase has brought the median house price to $ 690,000 in the Harbour city . Sydney 's strong performance led the national dwelling value to heighten by 3 per cent . Canberra performed second best with a 4.1 per cent increase followed by Melbourne at 3.5 per cent and $ 518,000 .