Brisbane’s median house price hits $1m at auction

THE median price of homes sold at weekend auctions in Brisbane has passed $1 million for the first time, overtaking Melbourne to be second only to Sydney, as auctioneers continue to slam the hammer down on eye-watering sales. The figures from property data platform, Archistar, show Brisbane’s median auction sales reached $1.099 million for March, up 29.3 per cent, which is the largest increase of any capital city.

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