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Domain has released its December quarter house price report, which shows that the median Australian capital city house price has soared to $1,066,133 – up a whopping 6.5% over the quarter and 25.2% year-on-year:
Annual price growth in excess of 25% was recorded across all capitals except Melbourne and Perth.
As expected, unit prices experienced far softer price growth in 2021, rising 1.9% nationally over the December quarter and 7.7% growth year-on-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.