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flag Australian home prices hit a record median of $848,858, rising 0.7% in August, the fastest since May 2024.

flag Australian home prices rose 0.7% in August, the fastest growth since May 2024, marking seven consecutive months of increases. flag The median dwelling price hit a record $848,858, driven by low supply, rising wages, and increased borrowing capacity. flag Despite a 8.2% drop in dwelling approvals in July, experts like AMP's Shane Oliver expect home prices to rise about 7% this year, potentially reaching 10% in 2026 due to interest rate cuts and housing shortages.

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