'I don't think it's a Ponzi scheme,' economist says, as median property values rise by $63,000

The price of the median national dwelling has reached an all-time high of $765,762, according to CoreLogic.Concerns for renters remain as four in 10 dwellings have seen rental prices increase by 10 per cent or more.Over the past 12 months, CoreLogic's Home Value Index has risen 8.9 per cent.

Brisbane, Adelaide, and Perth saw the most widespread value uplift year-on-year, across both houses and units. "Not only have the annual increases in these cities been fairly broad-based, they've also been very strong, with the majority of suburbs recording double-digit value growth.""It's a very good return if you're thinking about other asset classes," she said.Hobart was on the other end of the spectrum, with three out of four markets declining in values over the quarter, while 56.1 per cent recorded values lower than a year ago.

"At the same time, we've run very high levels of immigration now for 20 years — and that just adds to our problems in housing supply.

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