Capital city median house price at a new historic high: ANZ
The capital city median house price rose by 1.1.% in October, mainly due to gains in Sydney and Melbourne, according to ANZ Research.
It now sits at a new historic high of $681,640.
Melbourne house prices jumped 2.2% month on month in October, after falling a similar amount in September. Whilst Sydney house prices rose for the 17th month in succession, with a 1.2% spike.
Melbourne and Sydney were the only cities that had a moderate increase with Brisbane, Perth and Canberra only rising by less than one percent. Darwin, Hobart and Adelaide experienced drops in their price levels.
Capital city median house prices:
- Hobart - $340,461
- Adelaide - $460,100
- Brisbane - $505,247
- Darwin - $551,935
- Canberra - $622,952
- Perth - $631,799
- Melbourne - $715,694
- Sydney - $868,866
Source: RP Data/ANZ Research