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AAP
AAP
Business
Poppy Johnston

House prices took more than 15 years to double

Cameron Kusher Pandemic
Hobart house prices are increasing more quickly than elsewhere in Australia. (Dave Hunt/AAP PHOTOS) (AAP)

House prices have doubled in less than 10 years in Sydney and Hobart but it's taken a lot longer to reach the milestone elsewhere in Australia.

It's often said seven to 10 years is needed for property values to double but new PropTrack analysis shows it took the median house price 15.4 years through to May 2023.

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