Domain: Australian property prices hit record high

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Domain has released its median property results for the December quarter, which shows that Australian house prices have hit a record high:

National house prices leapt to new record highs at the end of 2020…

With the median house price in Sydney now at an all-time peak of $1,211,488, Melbourne’s at $936,073 and Canberra’s at $855,530, every capital city recorded massive growth over the past year.

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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.