Australian property prices continue their upward trajectory , recording another period of strong median price increases for both houses and units . Recent lowered inflation results have improved sentiment surrounding the possibility of multiple interest rate reductions , growing confidence for those looking to transact .
Continued increases in population combined with subdued supply levels , thanks to concern around construction costs , will likely fuel continued price growth across the country . The median Australian house price currently sits at $ 855,668 , representing a 9.7 per cent improvement over the last 12 months . Units continue to grow at a slower pace , recording a 7.4 per cent increase over the same period to a median of $ 638,494 .