Brisbane house prices jump $200,000 in a year to hit record high

Brisbane's median house price surged $200,000 year-on-year to a record $1.21 million in the March quarter, driven by tight supply and entry-level demand. Units jumped 4.9 percent to $800,500, narrowing Sydney's price gap to its lowest ever. However, momentum is easing as affordability pressures push buyers toward cheaper suburbs and smaller properties.

Summary by Glance · SMH