National housing prices increased by 2.4 percent over the three months to August, and are now up by 7.1 percent over the year. Although recording another solid quarterly rise in median house prices, the national result was primarily a result of strong increases in both Melbourne and Sydney, according to Australian Property Monitors.
For a summary of the Australian major capital cities and Gold Coast residential property market, view the latest housing market report.
The report includes a snapshot of the national market, including specific coverage of Sydney, Melbourne, Brisbane, Adelaide, Perth, Canberra and the Gold Coast.
Commentary is provided by Dr Andrew Wilson, senior economist at Australian Property Monitors.