The median price of an Australian home increased 22.4 per cent over the past year – the biggest annual percentage gain in more than three decades. That’s a $131,000 jump in just 12 months, according to CoreLogic data.

A separate Domain survey of the value of free-standing houses (excluding apartments) shows the median house will now set you back $1.6 million in Sydney and $1.1 million in Melbourne.

Historically low-interest rates and COVID-19 disruptions have both played a role in pushing up home values last year. So, amid talk of interest rate rises, what does 2022 hold in store for home values?

Today on Please Explain, national property editor Chris Harrison joins Jess Irvine to discuss.

The median price of an Australian home increased 22.4 per cent over the past year &ndash; the biggest annual percentage gain in more than three decades. That&rsquo;s a $131,000 jump in just 12 months, according to CoreLogic data.
A separate Domain survey of the value of free-standing houses (excluding apartments) shows the median house will now set you back $1.6 million in Sydney and $1.1 million in Melbourne.
Historically low-interest rates and COVID-19 disruptions have both played a role in pushing up home values last year. So, amid talk of interest rate rises, what does 2022 hold in store for home values?
Today on Please Explain, national property editor Chris Harrison joins Jess Irvine to discuss.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

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