Sydney house prices recorded a staggering 7.58% growth in the July quarter, pushing the median home values to $1,017, 500.

Sydney has outperformed all capital cities in housing growth for the July quarter, with all capital cities finishing at an average growth of 0.92%. Melbourne was a distant second to Sydney in property growth, finishing at 3.10% for July, with a median house value of $683,000. Resource states, such as Darwin and Perth continue their poor performance for the year, as values dropped by 6.41% and 4.34% respectively.

Read more about this on the Onthehouse.com.au website.