Both Australian house and unit prices have taken a break from robust increases this month , with both house and unit property types recording no significant change in median prices . While volumes have been down , both vendors and purchasers were a little quiet during the month of March waiting for the Easter period and subsequent school holidays to end .
Sentiment , however , remains high with expectations surrounding interest rate reductions still on the cards , likely to result in greater activity in May and beyond . The median Australian house price currently sits at $ 869,843 , representing a 10.4 per cent improvement over the last 12 months . Units continue to grow at a slower pace , recording a 7.9 per cent increase over the same period to a median of $ 643,086 .