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House prices continue meteoric rise

Property price growth continues to accelerate across the country, with median values rising at their fastest pace in more than three decades in March.

Aerial photo of typical Australian suburb
Detached houses continue to outpace units for price growth. Photo: Shutterstock (Image source: Shutterstock.com)

Property price growth continues to accelerate across the country, with median values rising at their fastest pace in more than three decades in March.

CoreLogic’s monthly look at house prices showed a 2.8 per cent gain across all markets in March, the fastest rise in value since October 1998.

Sydney was the market leader, with values rising by 3.7 per cent for the month, contributing to a 6.7 per cent quarterly gain. 

Regional markets also per…

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