The properties you can buy for the median house price in each capital city
The median house price in five states has reached record highs, according to the latest Domain House Price Report, released on Thursday. But the skyrocketing growth we’ve seen in past years is starting to slow.
Domain’s chief of research and economics, Dr Nicola Powell, says there’s now a multi-speed market operating across the capital cities, with some capitals seeing prices flatline and fall, while others are seeing prices continue to rise.
Here’s a round-up of properties on the market right now that you can buy for the median house price in capital cities around the country.
Sydney
The Sydney market is no longer seeing skyrocketing price growth, with prices rising 0.2 per cent to a median of $1,590,932.
On one of Enmore’s most sought-after streets is this recently updated free-standing Victorian home.
Natural light streams onto the open-plan living and dining area, thanks to the skylight above. This zone connects to the kitchen at the back of the house, which opens to a covered courtyard.
Two bedrooms and a separate study nook are also on this ground floor, while upstairs is the large main bedroom with a private balcony that overlooks the back garden below.
Bonus: there’s a coffee shop less than a minute’s walk away.
Melbourne
In pleasing news for house-hunters in Melbourne, the median house price here has dropped by 0.7 per cent since the December quarter and is now $1,092,144.
This four-bedroom, three-bathroom house in leafy Eltham North is on a large 878-square-metre block.
The split-level home has a cellar, workshop, bathroom and bedroom or study space on the lower ground, while at ground level are the other three bedrooms, a large living room, an open-plan kitchen that connects to a dining space and another large family room with a fireplace, made for hunkering down in on chilly nights.
Outdoors you’ll find a covered entertaining zone, manicured gardens and lawns, plus a self-contained studio with a kitchenette, living space, bedroom, bathroom and laundry.
Brisbane
The capital in the Sunshine State is continuing to see house prices head north, and it’s now the strongest property market in the country. They’ve risen 3.1 per cent since last quarter and 32 per cent since this time last year, reaching a record of $831,346.
Sitting in a quiet cul-de-sac in Albany Creek in Brisbane’s north is this three-bedroom home on an 839-square-metre block.
The kitchen overlooks the large 12-metre by five-metre open-plan living and dining space and this opens to a covered entertaining zone.
The three bedrooms all have hardwood floors and built-in wardrobes.
Local shops, schools and transport can all be accessed within 15 minutes, while the Brisbane CBD and airport can be reached in under 25 minutes.
Adelaide
The median house price in Adelaide is also on the up, rising 3 per cent since the December quarter to $750,084.
In Adelaide’s beachside suburb of North Haven, you’ll find this three-bedroom home that’s close to the beach, marina and golf course.
Spread over two levels, the central kitchen on the ground floor connects a separate dining room and spacious living area. There’s also a bedroom and bathroom on this level, and a glass-lined walkway with garden views leads to a large rumpus room.
The main bedroom upstairs has a walk-in wardrobe, while the second bedroom has access to another space that can be used as a study, teenager’s retreat or additional rumpus room.
Canberra
The median house price in the national capital fell 0.9 per cent to $1,124,952.
With a newly renovated kitchen, bathroom and en suite, this three-bedroom home in Chisholm offers a sense of luxury.
The three-bedroom house has plenty of space for a growing brood. The large living room and another separate, and larger, family room both have access to a 10-metre-long covered timber deck – a perfect spot for entertaining. This flows to the lawn and well-kept garden.
There’s a built-in sandpit for the kids to play in and a dedicated workshop for adults to tinker in, plus a separate study or rumpus area.
Perth
Over in the west, prices continued to rise, with Perth clocking up another record median house price of $622,030, but momentum is slowing.
In the suburb of Coolbellup, east of Fremantle, you’ll find this sleek three-bedder.
It features European oak flooring throughout its large living area, dining space and kitchen, and in each of the bedrooms. The main has a built-in wardrobe and en suite.
Those with a green thumb will love to spend time in the gardens here; there are fruit trees and seasonal vegetables growing, as well as native plants that attract local birdlife.
Hobart
Our southern neighbours saw a rise this quarter of 4.3 per cent, pushing the median to a record $758,141.
On an elevated block in Hobart’s Midway Point, this three-bedroom home boasts both bay and mountain views.
A central kitchen with granite benchtops and timber floors is flanked on one side by the large living space and a dining room, complete with a fireplace, on the other. Sliding doors from the dining room open to a covered deck where you can host guests and take in those views.
Three brightly coloured bedrooms are on this level, too, as well as a central bathroom and an additional powder room with a toilet.
Downstairs is a six-metre by four-metre rumpus area and study space. Jump in the near-new outdoor spa to warm your bones on a cool evening.
Darwin
House prices fell in the Northern Territory by 1.8 per cent over the March quarter. The median now sits at $635,389.
Embrace the tropical-like surroundings and enjoy the green outlook from almost every room of this large family home on a 784-square-metre block.
Fit for family living, the property has five bedrooms each with airconditioning and a ceiling fan, and the spacious main bedroom has a walk-in wardrobe and en suite.
A large living area joins a smaller dining room and central kitchen, and both open to covered outdoor entertaining areas.
Primary and middle schools, the Northlakes shopping centre and Darwin golf course are all close by.
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