Australia’s National Median House Price Exceeds $1 Million

Australia’s National Median House Price Exceeds $1 Million
A 'sold' real estate sign is seen outside a high-rise apartment block in the suburb Kirribilli in Sydney, Australia, on May 8, 2021. Lisa Maree Williams/Getty Images
Rebecca Zhu
Updated:
After a year of rapid growth, Australia’s national median house price has broken the $1 million (US$714,000) mark, according to Domain’s latest House Price Report.

A house in Sydney at median price rose to $1.6 million over the year, the median house prices in Melbourne and Canberra have passed $1.1 million, and remaining capital cities sit between $600,000 and $800,000.