Perth house prices weakest in Aust

Figures released by the largest property database in Australia have revealed the value of homes in Perth fell 2.1 per cent in the three months to May.

Overall the RP Data-Riskmark Hedonic Australian Home Value Index rose by 0.6 per cent in May after rising by 0.2 per cent in April.

Perth was the only capital city to record a price fall in the last quarter.

The fastest price growth was in Canberra (up 3.7 per cent), followed by Melbourne (up 3.3 per cent), Sydney (up 2.4 per cent), Darwin (up 1.6 per cent), Adelaide (up 2.3 per cent) and Brisbane (up 0.8 per cent).

The index also showed home prices are up 12.1 per cent on a year ago.

In Perth the cost of a house has increased 6.1 per cent compared to 12 months ago.

Leading the way is Melbourne (up 18.2 per cent) followed by Darwin (up 16.8 per cent), Canberra (up 16.4 per cent), Sydney (up 11.3 per cent), Adelaide (up 10.5 per cent) and Brisbane (up 6.7 per cent).

Over all RP Data-Riskmark found the median capital city house price to be $561,690.

The median unit value was $459,106.