Australia’s house prices have chalked up eight consecutive quarters of growth.

Domain’s latest House Price Report shows the December quarter results make it the longest period of uninterrupted quarterly growth since between 2012 and 2015. It was also the seventh consecutive quarter of unit price growth.

During the December quarter, Brisbane’s median house price breached the $1 million median mark for the first time, and its unit market hit a new median high of $633,000.

The report shows the pace of price growth slowed nationally during the December quarter.

With prices in the Perth house market increasing substantially in 2024, buyers began turning to its unit market instead, driving it to achieve the highest unit market growth in the December 2024 quarter of 5.4%. Buyers seeking affordability drove up median unit prices in all capital cities, with Darwin up by 4.4%, Melbourne 2.1%, Brisbane 1.8%, Hobart 1.5%, Adelaide 0.6% and Sydney 0.4%.