Newly released figures* show property values on the march over October, fueled by Australia’s three largest cities; Sydney, Melbourne and Brisbane.

RP Data has revealed an increase in Australia’s capital city dwelling values of 1.3% in October, with the Sydne­y housing market the largest driver (a 5.5% increase in property values).

The weakest performing city was Hobart, which showed a 0.6% decrease in value.

Highest rental yields were seen in Darwin with a gross rental yield of 6.2% for houses and 6.3% for units. Lowest rental yields were seen in Melbourne with a gross rental yield of 3.4% for houses and 4.3% for units.