Only four capital cities saw an increase to their median house price, according to the Domain March Quarter 2018 House Price Report, which was released on Thursday.
Despite some cities seeing growth, the national median fell by 1.2 per cent to $809,201.
New median house price: $914,518
Change: Up 0.1 per cent
New median unit price: $505,861
Change: Up 0.7 per cent
Melbourne’s record-breaking property market has stagnated, with the city recording its lowest quarterly house price growth in five and a half years. Read the full news report here.
SOURCE – Domain
Melbourne and Darwin’s housing markets are finally heating up after sitting out the boom, with Darwin prices jumping 11 per cent and Melbourne hitting a new all-time high. Two of Australia’s quieter housing markets are now showing clear signs of recovery. Melbourne and Darwin, both late to join the upswing, are beginning to move back … […]
Australia’s housing market shows remarkable resilience with accelerating price growth across houses and units. April data confirms this trend, marking one of the strongest growth periods since 2021. Growth accelerates across the board The latest data reveals that house prices nationally rose by 0.4 per cent in April to reach a median of $917,433, representing … […]