What is the average house price in australia

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It is mandatory to procure user consent prior to running these cookies on your website. This worsening trend in affordability was largely driven by the largest capital cities, Sydney and Melbourne, where housing values have shown the most significant increase. Interest rates are based on average standard variable mortgage rates overtime as reported by RBA. Over the past 25 years, more buyers are choosing to purchase a unit over a detached house because of the cheaper price points and often more strategic location.

The growth in property values over the past twenty five years has happened against a backdrop of ongoing densification across the capital cities, with higher density housing stock rising in prominence due to changes in town planning policies, changing consumer preferences and affordability factors.

Twenty five years ago, only Source: CoreLogic The percentage of unit sales is based on dwelling sales over the 12 months ending April and April , except for Darwin where data commences from Across the Top suburbs for price growth over the past twenty five years, 81 were located in a capital city. The vast majority 41 were actually located in Melbourne with the second highest proportion based in Sydney 25 , followed by Perth The pattern follows the broad capital city trend, where metro Melbourne has led the long term growth rate with overall median house prices rising by 8.

CoreLogic has identified the best performing suburbs for price growth over the past twenty five years, based on change in median prices between and Despite the two largest capital cities comprising the large majority of suburbs within the Top , nine of the top ten suburbs were actually located within regional markets. Coastal and lifestyle markets around the South West of Western Australia and the Hunter region of New South Wales were amongst the strongest performers across the regional markets, comprising 6 suburbs and 4 suburbs respectively across the Top list of highest growth in median prices.

Use our suburb spotter map to see where you could buy. Australian housing market trends report. This is the largest quarterly rise in the index for Adelaide since the December quarter Residential Property Price Index rose 4. House Price Index rose 5. Attached Dwellings Price Index rose 6. House Price Index rose 4. This is the largest quarterly rise in the index for Canberra since the commencement of the series, in the September quarter House Price Index rose 8.

This is the largest quarterly rise in the index for Canberra since the commencement of the series, in the March quarter Data downloads Download all Data files. Table 1. Residential property price index, index numbers and percentage changes. Download xls [ Table 2.

Established house price index, index numbers and percentage changes. Download xls [ KB]. Table 3. Attached dwellings price index, index numbers and percentage changes.

Table 4 and 5. Median price unstratified and number of transfers capital city and rest of state. Table 6. Value of residential dwellings, all series.

Table 7. All index numbers.