Resi prices up
The median dwelling price across the 8 capital cities rose strongly by 5.4 per cent in the March quarter.
House prices have, on average, outperformed attached dwellings since 2003, though all dwelling types reached new highs in March 2021.
Sydney and Hobart prices rose 6.1 per cent in the March quarter, with significant gains recorded across all of the capital cities.
The mean dwelling price in New South Wales increased by $115,300 over the past year to breach $1 million for the first time.
The mean dwelling price remains below previous highs in the Northern Territory and Western Australia, but all other states and territories recorded new highs, as expected.
Prices have continued to increased at a sprightly pace in the second quarter too.
You can find some more detailed analysis with James Foster here.
