PHOTO: Australian property market
The latest Domain House Price Report, for the June quarter, shows that in just three months Melbourne’s median house price increased by $41,000 to $1.02 million.
The most affordable area to purchase a house is in the West of Greater Melbourne at $657,500 followed closely by the North West at $694,000.
Melbourne remains the second most expensive city in the country to buy a house, behind Sydney where the median house price for the June quarter grew to an eye-watering $1.4 million.
Surprise up-and-comer Canberra is hot on Melbourne’s heels with a median house price lifted 10.4 per cent to $1.015 million.
Other notable mentions included Brisbane ($678,236), Adelaide ($629,728), Hobart ($646,301) and Darwin ($608,519).
Australia’s Median House Prices – June Quarter 2021*
|Capital City:||Median House Price:||Quarter-On-Quarter Increase:|
|Sydney||$1,410,133||+ 8.2 per cent|
|Melbourne||$1,022,927||+ 4.1 per cent|
|Brisbane||$678,236||+ 5.0 per cent|
|Adelaide||$629,728||+ 5.4 per cent|
|Canberra||$1,015,833||+ 10.4 per cent|
|Perth||$595,823||+ 1.0 per cent|
|Hobart||$646,301||+ 6.6 per cent|
|Darwin||$608,519||+ 8.9 per cent|
|National||$955,927||+ 5.8 per cent|
* Domain’s June Quarter 21 House Price Report
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