According to The Australian Financial Review, median house prices in Brisbane and Adelaide are on track to hit $1 million by the end of the year, fuelled by a persistent supply shortage and strong demand, despite a sharp slowdown in the quarterly pace of growth, Domain says.
Brisbane’s median house value has risen to a record $924,498 over the past three months to March, and Adelaide surpassed the $900,000 mark for the first time during the same period. But their quarterly growth momentum slowed substantially as stretched affordability weighed on sentiment, said Nicola Powell, Domain’s chief of research and economics. https://www.afr.com/property/residential/median-house-prices-in-brisbane-and-adelaide-to-hit-1m-by-december-20240423-p5flwa
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