{"id":33658,"date":"2021-07-29T09:48:39","date_gmt":"2021-07-28T21:48:39","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=33658"},"modified":"2024-03-01T20:45:17","modified_gmt":"2024-03-01T07:45:17","slug":"melbourne-and-canberra-crash-through-1-million-median-house-price-barrier","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/melbourne-and-canberra-crash-through-1-million-median-house-price-barrier\/","title":{"rendered":"Melbourne and Canberra crash through $1 million median house price barrier"},"content":{"rendered":"

PHOTO: Australian property market<\/strong><\/p>\n

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Melbourne<\/a> and Canberra<\/a> have joined Sydney in the $1 million-plus median house price club as the nation’s property market soars into overdrive.<\/div>\n<\/div>\n
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The latest\u00a0Domain House Price Report,<\/em>\u00a0for the June quarter,<\/em>\u00a0shows that in just three months Melbourne’s median house price increased by $41,000 to $1.02 million.<\/div>\n<\/div>\n
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The most affordable area to purchase a house is in the West of Greater Melbourne at $657,500 followed closely by the North West at $694,000.<\/div>\n<\/div>\n
<\/div>\n
<\/div>\n
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In just three months Melbourne’s median house price increased by $41,000 to $1.02 million.\u00a0(Great Ocean Properties)<\/strong><\/em><\/figcaption><\/figure>\n
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Melbourne remains the second most expensive city in the country to buy a house, behind Sydney<\/a> where the median house price for the June quarter grew to an eye-watering $1.4 million.<\/div>\n<\/div>\n
\n
Surprise up-and-comer Canberra is hot on Melbourne’s heels with a median house price lifted 10.4 per cent to $1.015 million.<\/div>\n<\/div>\n
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Other notable mentions included Brisbane ($678,236), Adelaide ($629,728), Hobart ($646,301) and Darwin ($608,519).<\/div>\n<\/div>\n
<\/div>\n
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Australia’s Median House Prices \u2013 June Quarter 2021*<\/strong><\/h2>\n<\/div>\n<\/div>\n
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\n\n\n\n\n\n\n\n\n\n\n\n\n
Capital City:<\/strong><\/td>\nMedian House Price:<\/strong><\/td>\nQuarter-On-Quarter Increase:<\/strong><\/td>\n<\/tr>\n
Sydney<\/td>\n$1,410,133<\/td>\n+ 8.2 per cent<\/td>\n<\/tr>\n
Melbourne<\/td>\n$1,022,927<\/td>\n+ 4.1 per cent<\/td>\n<\/tr>\n
Brisbane<\/td>\n$678,236<\/td>\n+ 5.0 per cent<\/td>\n<\/tr>\n
Adelaide<\/td>\n$629,728<\/td>\n+ 5.4 per cent<\/td>\n<\/tr>\n
Canberra<\/td>\n$1,015,833<\/td>\n+ 10.4 per cent<\/td>\n<\/tr>\n
Perth<\/td>\n$595,823<\/td>\n+ 1.0 per cent<\/td>\n<\/tr>\n
Hobart<\/td>\n$646,301<\/td>\n+ 6.6 per cent<\/td>\n<\/tr>\n
Darwin<\/td>\n$608,519<\/td>\n+ 8.9 per cent<\/td>\n<\/tr>\n
National<\/td>\n$955,927<\/td>\n+ 5.8 per cent<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
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*\u00a0Domain’s June Quarter 21 House Price Report<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n

READ MORE VIA 9 NEWS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PHOTO: Australian property market Melbourne and Canberra have joined SydneyRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":33659,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478109126,478098512,478117150,478100564,478098521,478098540,478108865,478108866,478098892,478108952,478103303,478098566,478098519,478098535,478099562,478098537,478099256,478098513,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478098536,478098618,478103893],"class_list":["entry","author-data123nz","post-33658","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-aussie-house-prices","tag-australia","tag-australias-median-house-prices","tag-australian-house-prices","tag-australians","tag-canberra","tag-canberra-property","tag-canberra-real-estate","tag-corelogic","tag-covid-19","tag-domain-house-price-report","tag-first-home-buyers","tag-home-ownership","tag-house-prices","tag-median-house-price","tag-melbourne","tag-melbourne-real-estate","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-sydney","tag-sydney-property","tag-sydney-real-estate"],"yoast_head":"\nMelbourne and Canberra crash through $1 million median house price barrier - 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