The median dwelling value in Melbourne has been overtaken by Adelaide and Perth, making Melbourne’s median the third lowest among the capital city markets. The Adelaide median is now $790,800 and Perth’s is now $785,250, compared with $776,044 in Melbourne.In August, Adelaide and Perth saw increases in the median dwelling value of $13,600 and $15,300 respectively, against a...
Brisbane has recently overtaken Canberra to become Australia's second-most expensive capital city. The latest CoreLogic Home Value Index (HVI) for June 2024 reveals that Brisbane’s property values rose by 1.4% in May, reaching a median dwelling value of $843,231. This increase highlights Brisbane’s rapid market growth, surpassing Melbourne in both house and unit values for the first time since June...
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