Melbourne house prices have reached record levels after a successful three month period on the property market.

The city’s median house price jumped nearly nine per cent to $595,000 in the September quarter, figures from Real Estate Institute of Victoria (REIV) suggest. The median house price was $35,000 higher than the previous peak of $559,000, recorded in December 2010. REIV chief executive officer Enzo Raimondo said buyers…