Home prices across Australia have hit new highs, with the median value of a home in a capital city shooting to $832,000.
House prices have continued to increase for the third consecutive month, as buyer demand, job shortages and supply chain issues continue to push costs up.Dwelling prices in capital cities increased by 0.4 per cent, and are now 7.64 per cent above prices in March 2023, and a shocking 35.2 per cent higher than in March 2020.
Home prices across Australia have reached new highs, as new demand continues to push sale prices up. Picture: NCA NewsWire/ Gaye Gerard “As was widely expected, the Reserve Bank kept the cash rate on hold at 4.35 per cent in March and many expect the next move for interest rates will be down, though timing remains uncertain,” he said.
In comparison, the median dwelling value of a home in Melbourne is $802,000, and $801,000 in Brisbane.
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