From Residex for the month of October 2014.
Although house prices are up by 6.7 percent in Australia in the past year, the market has basically been driven by Sydney (+16.83 percent).
Unit prices also increased by 6.7 percent, with Sydney also leading the way with 14 percent capital growth.
Since there is no pressing oversupply of stock in Sydney, rents are also rising at a furious pace in the harbour city according to the Residex figures, up by 8.5 percent over the year for houses and 4.9 percent for units.
After a lacklustre half decade, housing finance data suggests that Brisbane is set for a strong performance in 2015.
Property markets much more muted elsewhere.