{"id":27970,"date":"2020-10-02T10:33:13","date_gmt":"2020-10-01T21:33:13","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=27970"},"modified":"2020-10-02T10:33:13","modified_gmt":"2020-10-01T21:33:13","slug":"hobart-australias-best-performer-on-knight-franks-q2-global-index","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/hobart-australias-best-performer-on-knight-franks-q2-global-index\/","title":{"rendered":"Hobart Australia’s best performer on Knight Frank’s Q2 global index"},"content":{"rendered":"

PHOTO: Hobart, Tasmania<\/strong><\/p>\n

Hobart was Australia’s best performing city for residential price growth in Q2 2020, Knight Frank’s Global Residential Cities Index Q2 2020 has found.<\/p>\n

It led the way with a 10.8 per cent growth, 13th on Knight Frank’s global list of 150 cities, up from 22nd in the Q1 report.<\/p>\n

Sydney, Australia’s most expensive capital, wasn’t too far behind with price growth of 9.4 per cent, which saw it rank 20th on the list, down from 14th.<\/p>\n

Melbourne was next, in 37th, well down from its top 10 rank in Q1.<\/p>\n

The Victorian capital’s residential property still grew 6.8 per cent, sharply followed by Canberra 39th with a growth of 6.7 per cent.<\/p>\n

All four of the capitals record growth around double the average growth rate or higher.<\/p>\n

There were small gains for Adelaide, who ranked 95 with 2.2 per cent growth, and Brisbane 116th with 0.5 per cent.<\/div>\n
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The only two Australian capitals to see negative growth were Perth, 131st of the total 150 global cities with it values contracting -1.2 per cent, and Darwin, 144th with a -5.1 per cent contraction.<\/div>\n

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