Overview

• National dwelling values rose 0.6% in July, marking a sixth consecutive monthly increase.
• The national median home value now stands at $844,000, while Sydney’s median house price surpassed $1.5 million.
• All eight capital cities recorded house price growth in July, led by a 2.2% surge in Darwin.
• Dwelling approvals jumped 11.9% in June but at 185,844 remain about 55,000 short of the annual 240,000 target needed to meet federal housing goals.
• National rents rose 1.1% in the three months to July, accelerating from recent lows with vacancy rates near historic lows.