Capital city median house price at a new historic high: ANZ

Capital city median house price at a new historic high: ANZ
Oliver WisniewskiNovember 5, 2014

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
  • Sydney - $868,866

Source: RP Data/ANZ Research

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