SYDNEY, Sept. 12 (Xinhua) -- House prices across capital cities of Australia increased slightly over the June quarter, a national survey of home prices released on Wednesday showed.
The Bendigo Bank/Real Estate Institute of Australia (REIA) Real Estate Market Facts report showed the median capital city weighted average median price rose by 1.4 percent for house and by 0.6 percent for other dwellings in the June quarter.
The average median house price for the eight capital cities is now 519,768 AU dollars (543,677 U.S. dollars), according to REIA President Pamela Bennett.
"Sydney has the highest median house price across the capital cities at 642,425 AU dollars (671,977 U.S. dollars), 23.6 percent above the weighted average, while the Brisbane median house price increased 1.9 percent to 433,000 AU dollars (452,918 U.S. dollars), " Bennett said in a statement.
"Adelaide's median house price increased by 3.4 percent over the June quarter to 395,000 AU dollars (413,170 U.S. dollars), while the median house price in Melbourne increased by 2.9 percent over the quarter to 535,000 AU dollars (559,610 U.S. dollars)."
Bennett said the market was still relatively stagnant and the weighted average house price was 3.1 percent lower than a year ago.
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