The average price of an Australian home has surpassed A$1m (£483k, $652) for the first time, as the nation grapples with a housing affordability crisis.
Figures released by the Australian Bureau of Statistics (ABS) this week estimate the average home was worth A$1,002,500 in the March quarter, up 0.7 per cent from the previous quarter.
The nation is home to some of the least affordable cities on Earth, where buying or renting a place is increasingly out of reach for many Australians.
Experts say the crisis is being driving by a lack of homes, a growing population, tax incentives for property investors, and inadequate investment in social housing.
The country's most populous state, New South Wales (NSW), continues to have the priciest homes on average, at A$1.2m, followed by Queensland at A$945k, according to the ABS.
