Sellers jack up house prices as values surge to record highs in Australia

According to The Australian Financial Review, Perth’s house vendors jacked up their asking prices to more than $1 million on average last week, marking a fresh high for the city and the first time sale price expectations exceeded the million-dollar milestone, data from SQM Research shows.
Sale price hopes also surged to record highs in Brisbane, Adelaide, Melbourne and Canberra as sellers became more bullish as home values rose nationwide.
Brisbane house sellers are now expecting to get $1.1 million on average. Melbourne vendors are asking $1.26 million, Adelaide $918,612 and Canberra $1.23 million.

https://www.afr.com/property/residential/vendors-jack-up-asking-prices-as-home-values-hit-new-peaks-20240612-p5jl2d