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Tuesday, December 02 2014

(SOURCE: CBA)

The average house in Australia is now worth over $75,000 more than at the same time two years ago, with a house in New South Wales (NSW) almost $100,000 more expensive than in any other part of the country.

New figures released today by the Australian Bureau of Statistics (ABS) showed the average house price in Australia during the September quarter was $563,100, up $76,700 on the median price of $486,400 recorded during the same period in 2012.

The data, which measured the price change in residential dwellings across the states, saw residential property prices up by 9.1% compared to a year ago, with NSW driving up the median price with the most expensive real estate in the country.

The average house price in NSW is now $681,900, compared to the lowest average house price of $312,000, which was found in Tasmania.

Over the September quarter the average price of a residential house increased across all the states except for Western Australia, where the price dropped slightly to $588,700.

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Posted by: Greg Carroll AT 07:08 am   |  Permalink   |  Email