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.

March 31, 2024
13 Articles