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.