Melbourne House Prices Surpass $1m in January

Australia’s most expensive property markets bounced back in January with Melbourne’s median house price pushing above $1 million for the first time and Sydney home values hitting another record high, The Age reported.

Brisbane continued to be the strongest city for house price growth with values up 2.5% over the first month of the year, the report said, citing CoreLogic data. On an annual basis, Brisbane’s median house price increased 32% to $809,813.

Read the full report: The Age.

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.