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Australian house prices reached record highs in March, with median capital city value surpassing $832,000.
Australian house prices reached new highs in March, with the median value of a home in a capital city surpassing $832,000.
National home prices set new records, growing by 0.34% month-on-month, and capital city dwelling prices increased by 0.4%.
The total value of all Australia's residential dwellings reached a record high of $10.4 trillion, a 60% increase in the past five years.
This growth is attributed to strong population growth, a tight rental market, and a decade-low construction rate.
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Los precios de la vivienda en Australia alcanzaron niveles récord en marzo, y el valor medio de la capital superó los 832.000 dólares.