National Median House Price Hits $800,000 Despite Cooling Market
Australia’s housing market reached a record median price of $800,000 in November, despite increased listings and slowing growth. Capital cities saw a 5.55% annual rise, with Perth leading at 18.74%, while regional areas held strong with a 5.48% increase. Hobart, Adelaide, and Brisbane led monthly gains, but Sydney and Melbourne remained subdued. As supply rises, demand stays resilient, keeping the market competitive.