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House prices continue to rise, but which city is now the most expensive?

House prices continue to rise, but which city is now the most expensive? By Bianca Dabu 08 April 2021 | 1 minute read SHARE While house prices in capital cities continue to grow, units are struggling to keep up as a result of the COVID-19 pandemic.  Figures from SQM Research revealed that capital city average house prices have increased 3.5 per cent over the week ending 6 April 2021, bringing the median asking price to $1,006,500. Over the month, house prices have remained stable, while annual figures indicate a 1.9 per cent increase. In contrast, average unit prices across capital city markets decreased by 1.5 per cent to a median of $564,300 over the same week. This reflects a monthly decline of 0.9 per cent and an annual decline of 1.8 per cent.

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