Australian house prices

So much for a downturn! Australian house prices skyrocket

PHOTO: Sydney (pictured), Australia’s biggest housing market, saw a 1.2 per cent increase in median house prices to $1.154million during the September quarter

  • Australian house prices have rebounded in every major city except Melbourne 
  • Sydney saw a 1.2 per cent increase in median house prices to $1.154million
  • But properties in Byron Bay have surged by almost a third in the past year
  • The popular coastal town saw a 29.6 per cent surge in the year to September

Australian house prices have rebounded in every capital city except for Melbourne, meanwhile properties in Byron Bay have surged by almost a third in the past year.

Property sales group Domain revealed buyers returned to real estate during the September quarter as they braced for tax cuts to be fast-tracked.

The popular coastal town which both Chris Hemsworth and Zac Efron call home has enjoyed a 29.6 per cent year-on-year surge in September.

Median house prices in Byron Bay now stand at $1.16million.

Sydney, Australia’s biggest housing market, saw a 1.2 per cent increase in median house prices to $1.154million during the September quarter, 6.8 per cent over the past year.

The popular coastal town (Wategos Beach pictured) where Chris Hemsworth and Zac Efron have chosen to settle has been sizzling, with data from online real estate showing a 29.6 per cent annual surge in September

The popular coastal town (Wategos Beach pictured) where Chris Hemsworth and Zac Efron have chosen to settle has been sizzling, with data from online real estate showing a 29.6 per cent annual surge in September

Australian house prices

SYDNEY: Up 1.2 per cent to $1,154,406

MELBOURNE: Flat at $875,980

BRISBANE: Up 0.4 per cent to $596,316

ADELAIDE: Up 2.8 per cent to $564,927

PERTH: Up 0.5 per cent to $534,336

HOBART: Up 6.9 per cent to $555,754

CANBERRA: Up 3.5 per cent to $817,810

DARWIN: Up 6.6 per cent to $539,463

Source: Domain House Price Report for the September quarter of 2020 based on median house prices 

READ MORE VIA THE DAILY MAIL

MOST POPULAR