Housing market gains continue across Australia

This growth is happening across both expensive and affordable suburbs, showing strength throughout the entire city.

The city's most expensive areas have seen the biggest price jumps in dollar terms, with Perth Inner seeing house prices increase by nearly $245,000 over the past year to reach $1.92 million. But it's the outer suburbs that have seen the highest percentage gains. Perth's south east and north east areas have both grown by 22.5 per cent, while the north west and Mandurah areas aren't far behind at 20.8 per cent.

The strong performance isn't limited to Perth. Regional areas are also showing impressive growth. Regional Western Australia has continued its strong run with prices up 15.9 per cent, while regional South Australia isn't far behind at 14.8 per cent. Queensland's regional markets are also performing well, with a particularly impressive turnaround in Townsville, where prices are up 19.8 per cent. This is especially noteworthy as Townsville has struggled for many years, suggesting things have finally turned around for the better.

Other regional areas are also doing well, with Central Queensland seeing 18.4 per cent growth and the Darling Downs-Maranoa region up 18.0 per cent. This widespread growth in regional areas shows that the housing recovery isn't just happening in the big cities.

The unit market tells a similar story, though the growth isn't quite as strong. Perth leads the capital cities here too, with unit prices up 19.1 per cent over the year. Regional areas are still showing strength, with Western Australia up 16.7 per cent and South Australia up 16.1 per cent.