Australia recorded the strongest annual growth in property prices on record last year, with Canberra posting the country's second largest price hike.
The latest Residential Property Price Index released by the Australian Bureau of Statistics shows all capital cities recorded an annual rise in dwelling prices to the December quarter of 2021.
Hobart led the growth with a 29.8 per cent rise in prices, followed closely by Canberra with 28.8 per cent growth, Brisbane with 27.8 per cent growth and Sydney, up 26.7 per cent.
