this is a big moment Adelaide and Perth are more expensive than Melbourne in fact Melbourne is now sixth on the median price League table or third from the bottom the national median house price Rose half a percent in August to just over $800,000 but that's meaningless there's no such thing as a national housing market anymore prices in Adelaide Perth and Brisbane are Galloping along at 1 to 2% a month while in Melbourne CRA Hobart and Darwin they're falling and Sydney's flat now part of the difference is that Melbourne and Sydney are getting denser that is more high-rise apartments are increasing Supply in the past 15 years the proportion of multiunit dwellings in Melbourne has gone from 23 to 33% and in Sydney from 31 to 39% in Adela and Perth it stayed fairly flat at around 16% new listings in Perth and Adelaide have collapsed while in Melbourne they're up 10% and according to new data today from the ABS Building approvals are way down in wa and South Australia compared with Victoria and New South Wales as a result Perth and Adelaide have also seen big increases in rents for units and apartments up 12.4 and 9% in the past 12 months even in Melbourne and Sydney and brisban rents are still Rising a lot faster than inflation and incomes 6 to 7% the share market was up a bit today with gains by Banks and retailers Falls by mining companies the oil price fell sharply while other Commodities fell less the US market went up 1% on Friday but Chinese stocks fell today and the Aussie dollar stayed under 68 us cents and that's Finance