National property prices at all time highs, house median hits $1 million
All mainland capitals recorded property price gains in March, while Sydney's eye-watering real estate market has pushed the national median house price above the $1 million mark.
Sydney remains by far the most expensive city for houses, with a median price of $1,645,444, which is 55.5 per cent higher than the national median. (Image source: Shutterstock.com)
The downward pressure on interest rates and affordability restraints are locked in an arm wrestle within the Australian property market.
National home prices rose another 0.4 per cent in March, according to data released Tuesday (1 April) by CoreLogic.
Record property prices in many parts of the country mean affordability is at its limit for many prospective buyers, but the latest interest rate cut and the expectation of more to come in 2025 is…
