Over the March Quarter, the median house price for the eight capital cities rose to $874,000. At $1,309,000, Sydney’s house median remains the highest among the capital cities, 50% higher than the national average. At $500,000, Perth has the lowest house median across the capital cities, 43% lower than the average.
“Over the 12 months to the 31 March, the weighted average capital city median house price increased by 11.1%,” Kelly says.
“Over the quarter, the median price for other dwellings increased in Sydney, Melbourne, Perth, Hobart and Darwin, remained steady in Brisbane and Canberra, but decreased in Adelaide.”