What the median house price buys in each capital city
Property hunting this spring?
These are the type of homes available for at, or nearest to the pin, of the median house price in each capital city.
In the highest-value cities of Sydney and Melbourne, the median house price dropped over three months to June (down 2.7 per cent and 0.9 per cent, respectively), according to the most recent Domain House Price Report.
However, prices in the other capitals crept upwards over the quarter. Adelaide recorded the greatest price jump, of 3.6 per cent.
Despite the short-term price declines, the pandemic supercharged the market and record growth was recorded in four of the capitals over the past 12 months. Consider this quarterly drop – in the case of Sydney and Melbourne – or deceleration, when looking at the other capitals – as knocking the froth of the top of a beer.
Brisbane (24.7 per cent), Perth (8.4 per cent), Adelaide (27.4 per cent) and Hobart (21 per cent) clocked record year-on-year price growth.
If browsing this spring, this is a snapshot of what how far buyers’ dollars will stretch around Australia.
Sydney – Median house price $1.552 million
23 Stirling Avenue, Kirrawee
“Backing onto Tea Tree Place Reserve whilst appreciating the calming sounds of Oyster Gully,” the listing says. Off to a heavenly start. The home has four bedrooms and a split-level layout, with a sunken sunny deck below verdant gardens.
Melbourne – Median house price $1.074 million
189 Tucker Road, Bentleigh
The home is in the highly-sought and high-performing McKinnon Secondary zone, and has three bedrooms and one bathroom on a 410-square-metre corner block. Original features have been retained and the house has a classic layout of a dining room and lounge separate to the kitchen.
Brisbane – Median house price $840,000
25 Latona Street, Paddington
The two-bedroom townhouse is 2.5km from Brisbane’s CBD – and for sports fans, just 1km from Suncorp Stadium. A highlight is the deck and established garden, and open-plan living and dining connecting to a generously-sized undercover deck.
Adelaide – Median house price $793,000
36 Lesley Crescent, Crafers
The brick property is suited to an entertainer, with a sparkling five year-old kitchen and a huge patio with café blinds, for all-weather protection. Throw in established terrace gardens, open fireplaces and a pretty, neutral finish throughout.
Canberra – Median house price $1.154 million
55 Mortimer Lewis Drive, Greenway
On a lake, with walking and biking trails close by, the townhouse is aimed at nature lovers, and the waterside position is a rare find, the listing says. The home has been renovated, in a block of 12. The living area faces north, so it is bathed in sun, and opens to a courtyard.
Perth – Median house price $651,000
Lot 184 Matison Street, Southern River
This house-and-land option – the preserve of first-home buyers – includes sweeteners inside and out; a walk-in pantry, home cinema, security system, front landscaping and fencing. Lot 184 is billed as big enough to install a swimming pool.
Hobart – Median house price $766,000
88 Cascade Road, South Hobart
The single-level home is imbued with history and character. A sunroom at the front is a sweet spot for morning tea. Progress through to a traditional layout of two bedrooms – both at the front, on opposing sides of the hallway – and a separate kitchen and lounge room. The shops and cafes of South Hobart village are nearby.
Darwin – Median house price $632,000
13 Killuppa Cres, Leanyer
The kitchen has been updated and the property freshly painted, in a family-friendly postcode near shopping and schools. Downstairs houses a self-contained granny flat for inter-generational living, and for those warm Darwin nights is a spa in the garden.
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