PHOTO: It’s mostly country areas in several states where house prices declined. Photo: Francesco Ricca Iacomino (iStock)
There are just eight areas across Australia where median house prices fell in the past year, new figures reveal, as the property boom rages on everywhere else.
This latest upswing in house prices is one of the broadest property booms the nation has ever seen, locking many out of the market unless homeowners are willing to head to the outback.
Nationally, the median house price rose 18.8 per cent to $955,927 in the year ending June 2021.
| HOUSES, Stratified median price | |||||
| Capital city | Jun-21 | Mar-21 | Jun-20 | QoQ | YoY |
| Sydney | $1,410,133 | $1,303,185 | $1,137,246 | 8.2% | 24.0% |
| Melbourne | $1,022,927 | $982,382 | $880,620 | 4.1% | 16.2% |
| Brisbane | $678,236 | $645,718 | $600,258 | 5.0% | 13.0% |
| Adelaide | $629,728 | $597,187 | $541,591 | 5.4% | 16.3% |
| Canberra | $1,015,833 | $919,900 | $786,517 | 10.4% | 29.2% |
| Perth | $595,823 | $589,687 | $530,702 | 1.0% | 12.3% |
| Hobart | $646,301 | $606,275 | $503,392 | 6.6% | 28.4% |
| Darwin | $608,519 | $559,022 | $497,543 | 8.9% | 22.3% |
| National | $955,927 | $903,471 | $804,380 | 5.8% | 18.8% |
In fact, house prices continued to climb in all capital cities, with six of them hitting fresh highs in the second quarter of the year, according to the latest Domain House Price Report.
Canberra grew the fastest, with its median house price jumping 29.2 per cent to $1,015,833.
Melbourne also joined the million-dollar-city club after median house prices increased 16.2 per cent to $1,022,927.
Regions that recorded annual price falls
| SA4 region | Jun-21 | QoQ | YoY |
| Queensland – Outback | $215,000 | -12.2% | -30.6% |
| South Australia – Outback | $235,000 | -7.8% | -20.3% |
| Far West and Orana | $285,000 | 9.6% | -14.7% |
| Barossa – Yorke – Mid North | $285,000 | 5.6% | -6.1% |
| Logan – Beaudesert | $450,000 | 1.9% | -5.3% |
| Ipswich | $425,000 | 4.9% | -5.1% |
| Perth – Inner | $917,500 | -3.4% | -3.4% |
| Western Australia – Wheat Belt |
READ MORE VIA DOMAIN
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