Home News House prices soar across the board

House prices soar across the board

Font size :

Median houses prices rose in every capital city in the June quarter, as investors flocked back to the market and first home buyers scrambled to buy before the First Home Owners Grant recedes.

In the Real Estate Institute of Australia's (REIA) quarterly report, Darwin recorded the highest increase, a whopping 19% over the last quarter, taking its median house price to 537,093.

Sydney recorded the highest house price, with the medium topping $544,000 - the most expensive of all capital cities. Hobart recorded the lowest median price - $336,000 - while Adelaide prices rose the least at just 1.1%.

"The figures recorded this quarter show evidence of an improving property market," says REIA president David Airey. "Factors contributing to this change are increased investor activity and the revival of the second and third home buyers in the market."

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

New social housing aims to transform Ivanhoe Estate New social housing aims to transform Ivanhoe Estate

The sprawling redevelopment aims to boost the supply of affordable housing in Sydney Read more

A new suburb will be built in west Melbourne A new suburb will be built in west Melbourne Mount Atkinson will become home to more than 22,000 people over the next 15 years ... Read more

Surging house prices threaten liveability in Melbourne Surging house prices threaten liveability in Melbourne Analysts warn the city could become just as unaffordable as Sydney, if property trends continue ... Read more

More Aussies would benefit from regional hubs linked to cities More Aussies would benefit from regional hubs linked to cities Shorter commutes could spur higher home sales in regional towns, analysts say ... Read more

More mortgage news and articles

Sponsored Links

Thursday, Aug 17, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords