The Australian property market has been in a tailspin for a number of years.
The national sales and rentals report published on Monday shows that the price of a typical Australian home has decreased by almost 10 per cent in the past year.
However, the latest figures from the Australian Bureau of Statistics show that the national median price has risen by more than 6 per cent over the past five years, according to data compiled by the ABS.
The median price of detached houses in Melbourne rose by more by more in the same period.
The median price for all properties in Australia was $3.65 million in February, up from $3 million in January, according the ABS data.
The national median house price rose by almost 7 per cent between the first quarter of 2016 and the first three months of 2017.
However it was less than half of what it was in January 2018.
In Melbourne, the median house prices rose by less than 1 per cent from the first to third quarters of 2017 and by 3.5 per cent the fourth quarter, according data compiled from real estate website Domain Group.
The price of an average detached house in Melbourne increased by 1.4 per cent compared to the same quarter last year.
In Sydney, the price was up 1.2 per cent.
The average price of houses in Brisbane rose by 2.4 percent over the same time period.
It is the only market in Australia where house prices have not risen as fast as rents, with average rents now $1,849 a month higher than the median wage in 2018.