How many suburbs have seen median prices double over the past decade?
A decade ago, the national median house price was recorded at $330,000 and the median unit price was $310,000. Ten years later, the median selling prices were recorded at $499,000 and $445,000 respectively. Based on these figures, selling prices nationally have increased by 51% for houses over the decade and by 44% for units. Clearly, based on broad averages, in most areas of the country median prices have not doubled over the past decade.
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