{"id":31530,"date":"2021-04-03T09:26:24","date_gmt":"2021-04-02T20:26:24","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31530"},"modified":"2021-04-03T09:26:24","modified_gmt":"2021-04-02T20:26:24","slug":"house-prices-jumped-50k-in-31-days","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/house-prices-jumped-50k-in-31-days\/","title":{"rendered":"House prices jumped $50k in 31 days"},"content":{"rendered":"<p><strong>PHOTO: There currently isn\u2019t enough supply for the huge demand to buy properties around Australia. Picture: NCA NewsWire \/ Damian Shaw <span class=\"image-source\"><em>Source: News Corp Australia<\/em><\/span><\/strong><\/p>\n<p>If the skyrocketing property prices continue, the median house value is going to break through the $1 million mark in some areas of Australia.<\/p>\n<p class=\"description\">It\u2019s grim news for those looking to jump on to the property ladder with Sydney\u2019s median house value jumping by $50,000 in March alone \u2014 the equivalent of $1600 a day.<\/p>\n<div class=\"story-content\">\n<p>The <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=CoreLogic&amp;submit=Search\">CoreLogic<\/a> data showed the biggest monthly increase in capital city property values since October 1988.<\/p>\n<p>In <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=Sydney&amp;submit=Search\">Sydney<\/a>, house values have jumped by a whopping $100,000 since New Year\u2019s Day and if the soaring prices continue it could mean the median house price reaches $1.4 million by the end of the year.<\/p>\n<p>\u201cThe last time Sydney housing values recorded a quarterly trend this strong was in June\/July 2015. Following this brief surge, the pace of growth rapidly slowed as limits on investor lending kicked in to slow the market,\u201d explained CoreLogic\u2019s research director Tim Lawless.<\/p>\n<p><a href=\"https:\/\/propertynoise.co.nz\/au\/?s=Melbourne&amp;submit=Search\">Melbourne<\/a>\u2019s house prices haven\u2019t jumped as high, with a $60,000 increase since the start of the year, but it does mean the median house value could reach staggering heights of $1 million just in time for Christmas Eve.<\/p>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/buying\/house-prices-jumped-50k-in-march-in-sydney-as-median-house-values-could-reach-14-million\/news-story\/cf1b709b2864eed2d4fb461344b4a5c7\">NEWS.COM.AU<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"OnlyFans stars luxurious waterfront mansion | WATCH\" 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demand<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/house-prices-jumped-50k-in-31-days\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":31531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098892,478100297,478108952,478098566,478098519,478098535,478101874,478115268,478098513,478101743,478098873,478098588,478098579,478098510,478100165,478098514,478098511,478098705,478098533,478098828,478098509,478115267,478113281,478115269],"class_list":["entry","author-data123nz","post-31530","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-corelogic","tag-corelogic-data","tag-covid-19","tag-first-home-buyers","tag-home-ownership","tag-house-prices","tag-house-values","tag-melbournes-house-prices","tag-property","tag-property-correction","tag-property-investment","tag-property-ladder","tag-property-market","tag-property-news","tag-property-values","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-news","tag-skyrocketing-property-prices","tag-sydney-housing-values","tag-sydneys-median-house-value-j"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>House prices jumped $50k in 31 days - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/house-prices-jumped-50k-in-31-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House prices jumped $50k in 31 days - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: There currently isn\u2019t enough supply for the huge demandRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/house-prices-jumped-50k-in-31-days\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" 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