Median house prices in Australia grew 3.1% quarter-over-quarter to A$542,000 in the March quarter, slowing from the 4.8% increase in the preceding quarter, data released by the Australian Property Monitors showed on Thursday.
APM said strong population growth, rising incomes, and falling unemployment were offsetting the impact of the Reserve Bank of Australia's interest rate hikes and were continuing to push up house prices.
On a yearly basis, house prices surged 16.2% in the March quarter - the fastest pace in six years.
This follows a 12.1% increase in the December quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.