Sydney's median house price was rising again by the June quarter, up by +2.94 per cent in Q2 to $1,073,000.
The median unit price also jumped by +2 per cent in June to a fresh high of $704,000.
Through the cycles, it has been that unit prices are steadier than house prices, which tend to record stronger gains when the market is strong, but sometimes decline further at times of weakness.
Since July 2012 the increase in house prices (+62 per cent or +409,000) has outpaced the increase in unit prices (+44 per cent or +$216,000).
As you can see, macro-prudential intervention seemed to have more impact on the detached house market, where more debt is typically required to make a purchase.
The shape of the chart appears to be following a very similar trajectory to what we saw in Britain during the equivalent macro-prudential measures over there (the "mortgage market review").
Which is to say, fast price rises being scrambled for a time, before prices return to growth.
House prices in Brisbane increased by a slightly stronger +3 per cent in Q2 to be a solid +6 per cent higher over the year at $509,000.
Melbourne also saw a +2.4 per cent increase in house prices to be +9 per cent higher over the financial year at $743,000.
Despite a consistently tightening rental market, house prices were down by -2 per cent in June in Hobart, and -1.34 per cent lower over the quarter.
House prices were also moderately lower over the year in Perth and Darwin.
However, Darwin vacancy rates may have turned a corner in Darwin, while it won't be long before Perth starts to attract interstate investors with prices starting to look comparatively cheap.
The full report from Residex is here.