The housing boom is back: 9-27% value growth in 12 months

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Selling the family home hasn’t looked this good for years, no matter what state it’s in. Over 12 months the median house prices are:
Perth: Up 9% to $519,500
Canberra: Up 13% to $609,300
Sydney: Up 14.7% to $609,300
Darwin: Up 15.7% to $576.000
Melbourne: Up 27% to $549,980
For the first time the median house price in Sydney is above $600,000 and is 14.7% higher than it was twelve months ago. This represents the highest growth since 2004. Melbourne prices have jumped 27%, the highest growth there since 1995 and making it more expensive than Canberra which jumped 13% to $549,650.

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The Weekly SOURCE is the leading media for retirement living and aged care businesses, delivering sector-specific news through four mastheads. Operating as part of The DCM Group, The Weekly SOURCE also provides a directory of proven sector specialists and an insights exchange.