Standard Bank's residential property gauge found last month's median home value to be R620000, up 18,8percent from June a year ago. But Absa's index set the average price of a house last monthat R924800, up 14,9percent from June last year. Standard Bank cautioned against reading too much into property price surge shown by its property gauge. The strong house price growth was artificially inflated by relatively low base value set last year and a perceptible change in the distribution of mortgages granted. - Staff Reporter

Standard Bank's residential property gauge found last month's median home value to be R620000, up 18,8percent from June a year ago. But Absa's index set the average price of a house last monthat R924800, up 14,9percent from June last year. Standard Bank cautioned against reading too much into property price surge shown by its property gauge. The strong house price growth was artificially inflated by relatively low base value set last year and a perceptible change in the distribution of mortgages granted. - Staff Reporter