House prices rise in every major city for the first time since start of ...

Downturn, what downturn? House prices rise in EVERY major city for the first time since start of coronavirus crisis - with records reached in 32 parts of Australia Australian house prices have risen in every capital city for first time since March CoreLogic data also showed property prices reaching record high in 32 regions Melbourne's seven-month unbroken streak of house price drops has now ended  Sydney's median house prices has now climbed back above the $1million mark  CoreLogic is expecting Australian house prices to hit pre-COVID levels in 2021 

By Stephen Johnson, Economics Reporter For Daily Mail Australia

Published: 06:22 GMT, 1 December 2020 | Updated: 06:22 GMT, 1 December 2020

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Australian house prices have risen in every capital city for the first time since the start of the coronavirus pandemic.

Melbourne's median price increased in November for the first time since March following the end of a three-month lockdown, CoreLogic data showed.

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Sydney's median house prices has also risen back above the psychological $1million mark for the first time since July. 

Australian house prices have risen in every capital city for the first time since the start of the coronavirus pandemic. Melbourne's median price (Altona duplex house pictured) increased in November for the first time since March following the end of a three-month lockdown, CoreLogic data showed

Australian house prices have risen in every capital city for the first time since the start of the coronavirus pandemic. Melbourne's median price (Altona duplex house pictured) increased in November for the first time since March following the end of a three-month lockdown, CoreLogic data showed

Regions with record high property prices

Gold Coast:$571,379

Canberra: $672,866

Sunshine Coast: $639,977

Coffs Harbour: $489,952

New South Wales Mid-North Coast: $477,891 

Brisbane east: $586,280 

Adelaide west: $514,563 

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Source: CoreLogic Home Value Index for houses and apartments, November 2020, CommSec

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Making matters harder for young Australians, property prices last month rose to a record high in 32 regions with beach-side locations from the Gold Coast to the New South Wales Mid-North Coast making the list.

CoreLogic head of research Tim Lawless said Australian house prices were likely to surpass pre-Covid levels by early 2021 if existing trends

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