House median price at record high

The Capital city median house price increased by 1.1% for the month of October, reaching a staggering record high of $681,640, according to ANZ research.

Melbourne and Sydney median house prices increased by 2.2% and 1.2% respectively and were pointed out as the main reasons for the price jump. All other capital cities increased less than 1% or dropped in value. Sydney leads all capital cities with a median house value of $868,866, while Hobart has the cheapest, at a value of $340,461.

Read more about this on the Property Observer website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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