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AAP
AAP
Business
Jacob Shteyman

MYSTERIOUS: Low rates supply squeeze create home price rise mayhem - What They Never Told You

Rising prices and a lack of supply is locking many people out of the housing market. (Mick Tsikas/AAP PHOTOS)

A clear disconnect between supply and demand is driving home values to record highs across Australia, with prices rising at the fastest pace in almost two years.

The median Australian property climbed to $857,280 in September, a jump of 0.8 per cent, property analytics firm Cotality reported in its monthly home value index on Wednesday.

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