Australian House Prices
Sydney :: Melbourne :: Brisbane :: Adelaide :: Perth
Average House Prices in Australia
The 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 you take wages into account, Australia’s house prices are high compared with most other countries. This is likely to result from the desirable lifestyle and climate Australia offers.
Other 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 these enjoys a mild climate for most of the year, with little snow.
House prices in Australian cities have fallen from their earlier peaks.
Graph of Average House Prices
($ thousands)
in Australia’s Major Cities
2004 – 2011
Australian Cities
Average House Prices
October 2011
| City | Average House Price | 12 Month Change |
| Sydney, NSW | $550,000 | + 2.3 % |
| Melbourne, Vic | $483,500 | - 2.0 % |
| Brisbane, Qld | $425,000 | - 5.0 % |
| Adelaide, SA | $387,000 | - 1.3 % |
| Perth, WA | $453,000 | - 1.1 % |
Australian Cities
Average Unit Prices
October 2011
(‘Units’ in Australia are usually apartments)
| City | Average Unit Price | 12 Month Change |
| Sydney, NSW | $457,000 | + 6.2 % |
| Melbourne, Vic | $425,000 | - 1.1 % |
| Brisbane, Qld | $360,000 | + 3.9 % |
| Adelaide, SA | $315,000 | + 0.7 % |
| Perth, WA | $390,000 | + 0.9 % |
Prices courtesy of RP Data.
Modern Suburban House in Sydney