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.

Australia Consumer Price Index (CPI): Canberra: Housing data was reported at 178.500 1989-1990=100 in Jun 2012. This records an increase from the previous number of 177.900 1989-1990=100 for Mar 2012. Australia Consumer Price Index (CPI): Canberra: Housing data is updated quarterly, averaging 98.700 1989-1990=100 from Sep 1972 (Median) to Jun 2012, with 160 observations. The data reached an all-time high of 178.500 1989-1990=100 in Jun 2012 and a record low of 19.200 1989-1990=100 in Sep 1972. Australia Consumer Price Index (CPI): Canberra: Housing data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I009: Consumer Price Index: 1989-90=100: Eight Capital Cities.

In the third quarter of 2023, the median price of residential property transfers for established housing in Canberra came to around 965 thousand Australian dollars. The highest median price of established housing transfers in Canberra within the given time period was recorded in the first quarter of 2022.

Australia Consumer Price Index (CPI): Canberra: Housing: Other data was reported at 191.200 2011-2012=100 in Mar 2025. This records an increase from the previous number of 190.400 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Canberra: Housing: Other data is updated quarterly, averaging 99.700 2011-2012=100 from Jun 1998 (Median) to Mar 2025, with 108 observations. The data reached an all-time high of 191.200 2011-2012=100 in Mar 2025 and a record low of 58.400 2011-2012=100 in Jun 1998. Australia Consumer Price Index (CPI): Canberra: Housing: Other data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Australia Consumer Price Index (CPI): Canberra: Housing: Utilities data was reported at 162.300 2011-2012=100 in Mar 2025. This records an increase from the previous number of 157.200 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Canberra: Housing: Utilities data is updated quarterly, averaging 43.600 2011-2012=100 from Sep 1972 (Median) to Mar 2025, with 211 observations. The data reached an all-time high of 164.100 2011-2012=100 in Sep 2024 and a record low of 5.100 2011-2012=100 in Mar 1973. Australia Consumer Price Index (CPI): Canberra: Housing: Utilities data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.