More than 2,300 homes have been sold in Australia in the past year, according to a report from property website Trulia.
The average price of a single-family home is $8.9 million, and a two-bedroom house is about $4.5 million, according the report.
The report, which looked at sales from June 1 to July 31, identified the average price as $7.6 million.
There were 8,634 listings for condos and townhouses, with the average asking price of $1.932 million.
Trulia says condos have been gaining in popularity, but are still relatively pricey compared to townhouses.
Condos and townhouse sales surged in the last three months of the year, up 40 per cent compared to the same period in 2017, according it.
It said that as demand has grown in Australia, it has also been hit by a surge in the number of single-detached homes being sold.
This has created a “surge” in single-home sales, Trulia found.
The rise in single home sales has been driven by buyers in cities and towns looking for a safe haven in the CBD.
There have also been strong demand for detached houses, especially in Sydney, Melbourne and Brisbane.
There is a shortage of single home homes in some suburbs of Melbourne, for example, where the median asking price is $1 million.