Australian House Prices
  Victoria Bridge, Sydney  Modern Suburban House in Sydney  Perth from Kings Park  Parramatta Golf Course, Western Sydney |
Average House Prices in AustraliaThe typical Australian house is detached and has a garden. Apartments and row houses are commoner near the centres of cities but detached houses still predominate in most areas. When account is taken of wages, Australia’s house prices are high compared with most other countries. A major reason for this is likely to be the desirable lifestyle and climate Australia offers. Other, developed, English speaking parts of the world, where house prices are high compared to wages include California, USA; British Columbia, Canada; and New Zealand, each of which enjoys a mild climate for most of the year, with very little snow. House prices in most Australian cities have strengthened after reaching a plateau or falling in 2008 and early 2009.
Australian Cities
|
| City | Average House Price | 12 Month Change |
| Sydney, NSW | $585,000 | + 12.8 % |
| Melbourne, Vic | $482,000 | + 19.0 % |
| Brisbane, Qld | $463,000 | + 6.2 % |
| Adelaide, SA | $405,000 | + 9.1 % |
| Perth, WA | $495,000 | +7.9 % |
Graph of Average House Prices
($ thousands)
in Australia’s Major Cities
2004 – 2010
Australian Cities
Average Unit Prices
March 2010
(‘Units’ in Australia are usually apartments)
| City | Average Unit Price | 12 Month Change |
| Sydney, NSW | $426,000 | + 10.6 % |
| Melbourne, Vic | $410,000 | + 17.7 % |
| Brisbane, Qld | $375,000 | + 9.1 % |
| Adelaide, SA | $325,000 | + 7.5 % |
| Perth, WA | $412,500 | + 7.9 % |
Prices courtesy of RPD Data.