Sydney had the highest median house value compared to other capital cities in Australia as of April 2025, with a value of over **** million Australian dollars. Brisbane similarly had relatively high average residential housing values, passing Canberra and Melbourne to top the pricing markets for real estate across the country alongside Sydney. Housing affordability in Australia Throughout 2024, the average price of residential dwellings remained high across Australia, with several capital cities breaking price records. Rising house prices continue to be an issue for potential homeowners, with many low- and middle-income earners priced out of the market. In the fourth quarter of 2024, Australia’s house price-to-income ratio declined slightly to ***** index points. With the share of household income spent on mortgage repayments increasing alongside the disparity in supply and demand, inflating construction costs, and low borrowing capacity, the homeownership dream has become an unattainable prospect for the average person in Australia. Does the rental market offer better prospects? Renting for prolonged periods has become inevitable for many Australians due to the country’s largely inaccessible property ladder. However, record low vacancy rates and elevated median weekly house and unit rent prices within Australia’s rental market are making renting a less appealing prospect. In financial year 2024, households in the Greater Sydney metropolitan area reported spending around ** percent of their household income on rent.

Median prices for dwellings/townhouses, and apartments by their year of settlement for the City of Melbourne.

The average price of Australian residential property has risen over the past ten years, and in June 2025, it reached over one million 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, with minor fluctuations in 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 April 2025. 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 10 percent increase from April 2024, 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 June quarter of 2025, the number of residential dwellings reached around 11.37 million, representing an increase of about 53,600 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, elevated mortgage interest rates in recent years 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.

Explore Melbourne, FL rental market 2025. The average long-term prices $1,911 and short-term $2,205, with trends shaping housing in a city of 85,718 residents.

Graph and download economic data for Housing Inventory: Average Listing Price in Palm Bay-Melbourne-Titusville, FL (CBSA) (AVELISPRI37340) from Jul 2016 to Oct 2025 about Palm Bay, average, FL, listing, price, and USA.

Housing Inventory: Average Listing Price Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) was -3.43% in October of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Average Listing Price Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) reached a record high of 30.79 in February of 2022 and a record low of -9.96 in March of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Average Listing Price Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) - last updated from the United States Federal Reserve on November of 2025.

The rent price index in Australia in the first quarter of 2025 was *****, marking an increase from the same quarter of the previous year. Rent prices had decreased in 2020; in Melbourne and Sydney, this was mainly attributed to the absence of international students during the coronavirus outbreak. The current state of the rental market in Australia The rental market in Australia has been marked by varying conditions across different regions. Among the capital cities, Sydney has long been recognized for having some of the highest average rents. As of March 2025, the average weekly rent for a house in Sydney was *** Australian dollars, which was the highest average rent across all major cities in Australia that year. Furthermore, due to factors like population growth and housing demand, regional areas have also seen noticeable increases in rental prices. For instance, households in the non-metropolitan area of New South Wales’ expenditure on rent was around ** percent of their household income in the year ending June 2024. Housing affordability in Australia Housing affordability remains a significant challenge in Australia, contributing to a trend where many individuals and families rent for prolonged periods. The underlying cause of this issue is the ongoing disparity between household wages and housing costs, especially in large cities. While renting offers several advantages, it is worth noting that the associated costs may not always align with the expectation of affordability. Approximately one-third of participants in a recent survey stated that they pay between ** and ** percent of their monthly income on rent. Recent government initiatives, such as the 2024 Help to Buy scheme, aim to make it easier for people across Australia to get onto the property ladder. Still, the multifaceted nature of Australia’s housing affordability problem requires continued efforts to strike a balance between market dynamics and the need for accessible housing options for Australians.

Housing Inventory: Average Listing Price in Palm Bay-Melbourne-Titusville, FL (CBSA) was 495488.00000 U.S. $ in October of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Average Listing Price in Palm Bay-Melbourne-Titusville, FL (CBSA) reached a record high of 574065.00000 in May of 2022 and a record low of 337604.00000 in July of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Average Listing Price in Palm Bay-Melbourne-Titusville, FL (CBSA) - last updated from the United States Federal Reserve on December of 2025.

The central business district in Sydney had the highest average capital value of office property in Australia in the second quarter of 2021 with an average capital value of ****** Australian dollars per square meter. The central business district in Melbourne had an average capital value of office property of ****** Australian dollars per square meter in Australia.