Domain: Sydney’s median house price tops $1.15 million

Thursday 20 April 2017

Domain (formerly APM) has released its house and unit price results for the March quarter of 2017, which are presented in the below tables:

As shown above, house price growth nationally was driven by the two biggest cities of Sydney (+2.8%) and Melbourne (+4.0%), both of which hit record highs of $1.152 million and $844,000 respectively. Strong quarterly growth was also recorded in Canberra (+5.3%) and Hobart (+4.8%), whereas Perth (-1.8%) and Brisbane (-1.4%) registered falls.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.