House prices in Australia surged 20% year-on-year in the March quarter, the Australian Bureau of Statistics said on Monday.
This follows a 13.5% increase in the December quarter.
Home prices recorded double-digit annual growth in all eight capital cities, with Melbourne, Sydney and Canberra leading the way.
On a quarterly basis, house prices increased 4.8% between January and March, slower than the 5.1% increase in the December quarter.
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