Median house prices for Sydney have peaked to a record $811,837 from $787,000 the previous quarter, according to the Australian Property Monitor’s Quarterly House price report. Sydney’s house prices have been on an upswing, recording a $118,000 annual increase. The median price in Sydney was attributed to a strong performance from the south west for the past 6 months.

Darwin finished at second with a median house price of $655,615 followed by Perth, Melbourne, Canberra, Brisbane, Adelaide and Hobart, which had the lowest median price at $329,186.

Read more about this on the Property Observer website.

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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