Brisbane’s homes now second-most expensive in Australia, with average value of almost $1m

Queensland's capital is second only to Sydney with a median house value of $937,479, as lack of supply bites

For the first time in 25 years, Brisbane is Australia's second-most expensive city for housing.

The Queensland capital edged out Canberra in May, the latest CoreLogic report shows, with a median house value of $937,479. Sydney continues to have the priciest homes in the country.