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Domain has released its March quarter house price report which has reported the steepest national price growth in almost 18 years, driven by universal price growth across every capital city:
Every Australian capital city recorded price growth in Q1.
At the national level, house prices rose 5.7% to just under $900,000, with annual gains also hitting double digits (10.0%).
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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.