Australian houses and units continued to see upward price momentum over the last months , growing by 0.7 per cent and 0.3 per cent respectively . The ongoing lack of stock , with listings remaining tight , has resulted in increased competition keeping values elevated in both metropolitan and regional markets across the country .
Despite inflation results not falling as strongly as anticipated , expectations surrounding interest rates continue to suggest downward movement later this year . As such the continued price momentum is likely to remain a feature of the Australian housing market for much of this year . House prices have recorded 10.3 per cent annual growth to the current median of $ 870,243 while units have grown over the year by 7.9 per cent to a median of $ 647,406 nationally .