AUSTRALIA'S median house prices range from the cost of a car to several million, reflecting the two-speed property market.

RP Data has released its latest list of Australia's cheapest and most expensive locations.

Median house prices currently range from $58,576 in Ungarie (NSW Central West) to a lofty $3.89 million in Perth's waterfront suburb of Peppermint Grove.

Sydney's eastern suburbs closely followed the West Australian enclave. Bellevue Hill clocked a median house price of $3.17 million, then Vaucluse ($2.94 million) and Dover Heights ($2.82 million).

Beachmere on Moreton Bay in south eastern Queensland topped the list for cheapest apartments with a median price of $91,112. Median unit figures jumped as high as $2.365 million on the most expensive list, led by the Sydney harbourfront pocket of Dawes Point/Walsh Bay.

Sydney suburbs featured strongly on the country's high end price list with six suburbs out of ten appearing for houses and seven out of ten for apartments.

Click here to download the free national RP Data Spring Buyer's report

Most affordable and most expensive houses