The average price of Australian residential property has risen over the past ten years, and in September 2024, it reached a new high of 985,900 Australian dollars. Nonetheless, property experts in Australia have indicated that the country has been in a property bubble over the past decade, with some believing the market will collapse sometime in the near future. Property prices started declining in 2022; however, a gradual upward trend was witnessed throughout 2023 and 2024. Australian capital city price differences While the national average residential property price has exhibited growth, individual capital cities display diverse trends, highlighting the complexity of Australia’s property market. Sydney maintains its position as the most expensive residential property market across Australia's capital cities, with a median property value of approximately 1.19 million Australian dollars as of December 2024. Brisbane has emerged as an increasingly pricey capital city for residential property, surpassing both Canberra and Melbourne in median housing values. Notably, Perth experienced the most significant annual increase in its average residential property value, with a 19.1 percent increase from December 2023, despite being a comparably more affordable market. Hobart and Darwin remain the most affordable capital cities for residential properties in the country. Is the homeownership dream out of reach? The rise in property values coincides with the expansion of Australia's housing stock. In the September quarter of 2024, the number of residential dwellings reached around 11.25 million, representing an increase of about 53,100 dwellings from the previous quarter. However, this growth in housing supply does not necessarily translate to increased affordability or accessibility for many Australians. The country’s house prices remain largely disproportional to income, leaving the majority of low and middle-income earners priced out of the market. Alongside this, hikes in mortgage interest rates have made taking out a loan increasingly unappealing for many potential property owners, and the share of mortgage holders at risk of mortgage repayment stress has continued to climb.

This statistic displays the median price for dwellings in major cities in Australia, as of August 2016. That year, the median price for a dwelling in Darwin was about 459 thousand Australian dollars.

In the June quarter of 2024, the average residential property price in the Northern Territory exceeded 538 thousand Australian dollars. In comparison, the mean residential dwelling price across Australia was around 973 thousand Australian dollars.

In the third quarter of 2023, the median price of residential property transfers for established housing in Darwin came to around 630 thousand Australian dollars. This marked the highest median price of established housing transfers in Darwin within the given time period.

Gray in Greater Darwin, Northern Territory was the most affordable capital city housing suburb in Australia in 2023, with a median property value of around 359 thousand Australian dollars. The Elizabeth North suburb in Greater Adelaide, South Australia was the second-most affordable capital city housing suburb.

In Brisbane, Australia, in the first quarter of 2024, the weekly costs of public transport per household amounted to 59.67 Australian dollars. Comparatively, average public transport costs in Darwin were approximately 20 Australian dollars. According to the source, an average household in Australia's capital cities spent approximately 41.1 dollars per week on public transport in the first quarter of 2024.

Taiwan Resid Transact excl PS: 3MMA: NT: Avg Value (AV) data was reported at 12,460.000 NTD th in Mar 2018. This records an increase from the previous number of 12,390.000 NTD th for Feb 2018. Taiwan Resid Transact excl PS: 3MMA: NT: Avg Value (AV) data is updated monthly, averaging 11,690.000 NTD th from Jul 2010 (Median) to Mar 2018, with 93 observations. The data reached an all-time high of 12,810.000 NTD th in Feb 2015 and a record low of 7,900.000 NTD th in Jul 2010. Taiwan Resid Transact excl PS: 3MMA: NT: Avg Value (AV) data remains active status in CEIC and is reported by Sinyi Realty Incorporation. The data is categorized under Global Database’s Taiwan – Table TW.EB021: Residential Property Transaction: By Region: Sinyi Realty: 3-Month Moving Average.