Aussie capital city median house price nears $1m

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The Domain House Price Report has been released for the September quarter with house prices across the capital cities growing by a strong 3.5% over the quarter to be up a whopping 21.9% year-on-year:

House Prices:

This has taken the national median house price to $994,579, with Sydney ($1499,126), Melbourne ($1,037,923) and Canberra ($1,074,187) all breaking through the $1 million barrier.

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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.