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What is the average house price around Australia?

October 7, 2019 10:00 am by Upside

Whether you’re thinking of buying or selling property in Australia, it pays to do your research and get to know the market before taking the leap. Knowing the average house price in your area can help give you a good indication of what you can expect to pay when buying, or on the flipside, how much you’re likely to be able to sell for.

To make life easier, we’ve created this handy guide to average house prices around Australia.

Average house prices in Sydney

Domain’s House Price Report for the June 2019 quarter reported that the average house price in Sydney is $1,032,338, and the average unit price in Sydney is $688,652. The lower north shore, city and eastern suburbs command the highest house prices in Sydney, while the lowest average house prices can be found in south west and western Sydney.

Median house prices in Sydney by region

REGION MEDIAN PRICE QOQ CHANGE YOY CHANGE
Blue Mountains $650,100 0.29% -3.69%
Canterbury Bankstown $825,000 -1.20% -12.23%
Central Coast $605,000 -0.82% -6.92%
City and East $2,125,000 -5.87% -8.44%
Inner West $1,448,750 3.48% -7.72%
Lower North Shore $2,300,000 4.55% -4.96%
North West $1,170,000 1.74% -7.87%
Northern Beaches $1,610,000 -3.01% -6.40%
South $1,050,000 1.69% -11.76%
South West $671,000 0.15% -7.54%
Upper North Shore $1,600,000 1.59% -3.03%
West $675,000 -1.46% -6.90%

Source: Domain House Price Report, June Quarter 2019

Median unit prices in Sydney by region

REGION MEDIAN PRICE QOQ CHANGE YOY CHANGE
Canterbury Bankstown $500,000 -3.10% -16.67%
Central Coast $440,000 -7.37% -10.39%
City and East $910,000 1.11% -7.61%
Inner West $740,000 2.07% -5.73%
Lower North Shore $852,000 -7.89% -9.36%
North West $660,000 -2.22% -9.47%
Northern Beaches $780,000 -2.50% -11.11%
South $640,000 -4.48% -10.65%
South West $438,000 -2.67% -10.61%
Upper North Shore $723,000 0.42% -6.10%
West $520,000 -5.45% -11.26%

Source: Domain House Price Report, June Quarter 2019

READ MORE: What is the median house price in Sydney?

Average house prices in Melbourne

The latest figures from Domain report that the average house price in Melbourne now sits at $818,237, and the average unit price in Melbourne is $501,009. Houses prices in Melbourne’s inner east are the most expensive on average, while Melbourne’s western suburbs are home to the city’s cheapest houses.

Median house prices in Melbourne by region

REGION MEDIAN HOUSE PRICE QOQ CHANGE YOY CHANGE
Inner $1,150,000 6.5% -7.0%
Inner East $1,225,000 -3.6% -15.5%
Inner South $1,141,666 2.4% -12.5%
North East $670,250 -0.7% -6.9%
North West $624,000 4.0% 0.2%
Outer East $715,000 1.4% -9.5%
South East $626,000 0.9% -4.4%
West $595,000 2.6% 0.0%
Mornington Peninsula $680,000 2.3% -2.9%

Source: Domain House Price Report, June Quarter 2019

Median unit prices in Melbourne by region

REGION MEDIAN PRICE QOQ CHANGE YOY CHANGE
Inner $528,000 5.6% -2.2%
Inner East $630,000 3.3% 7.4%
Inner South $600,000 3.5% 1.2%
North East $477,000 9.0% -2.2%
North West $470,000 -2.1% 2.0%
Outer East $520,000 4.8% -7.1%
South East $440,650 4.9% 0.2%
West $415,000 3.8% -0.6%
Mornington Peninsula $449,500 2.2% -2.3%

Source: Domain House Price Report, June Quarter 2019

READ MORE: What are typical Melbourne house prices?

Average house prices in Brisbane

According to the Domain House Price report for the June 2019 quarter, the average house price in Brisbane is $559,167, and the average unit price in Brisbane is $368,382. On average, house prices are lowest in Brisbane’s eastern suburbs, and highest in the inner-city region.

Median house prices in Brisbane by region

REGION MEDIAN PRICE QOQ CHANGE YOY CHANGE
Brisbane – East $550,000 -3.51% -5.17%
Brisbane – North $560,000 -3.45% -3.45%
Brisbane – South $665,000 -1.12% -1.65%
Brisbane – West $703,322 0.47% 1.64%
Brisbane Inner City $905,000 0.56% -1.63%

Source: Domain House Price Report, June Quarter 2019

Median unit prices in Brisbane by region

REGION MEDIAN PRICE QOQ CHANGE YOY CHANGE
Brisbane – East $409,000 -2.73% -4.66%
Brisbane – North $371,000 -3.64% -7.71%
Brisbane – South $396,000 -3.41% -9.59%
Brisbane – West $438,500 -1.46% -2.56%
Brisbane Inner City $473,250 -2.04% -4.39%

Source: Domain House Price Report, June Quarter 2019

READ MORE: What is the median house price in Brisbane?

Average house prices in Perth

The Domain House Price Report for the June 2019 quarter reports that the median house price in Perth is $528,186, while the median unit price is $342,930. Not surprisingly, inner Perth commands some of the highest average house prices, while Mandurah is home to the city’s most affordable houses.

Median house prices in Perth by region

REGION MEDIAN PRICE QOQ CHANGE YOY CHANGE
Perth – Inner $837,500 -3.18% -12.16%
Perth – North East $430,000 -3.37% -4.44%
Perth – North West $515,000 -1.90% -3.40%
Perth – South East $440,000 -4.56% -6.38%
Perth – South West $503,750 0.75% -2.56%
Mandurah $372,500 -3.25% -2.49%

Source: Domain House Price Report, June Quarter 2019

Median unit prices in Perth by region

REGION MEDIAN PRICE QOQ CHANGE YOY CHANGE
Perth – Inner $390,000 6.12% -2.50%
Perth – North East $242,500 -13.39% -17.66%
Perth – North West $364,500 -9.10% -6.54%
Perth – South East $373,500 9.85% 3.03%
Perth – South West $376,000 -5.41% -10.48%
Mandurah $230,000 4.55% -9.80%

Source: Domain House Price Report, June Quarter 2019

Average house prices in Adelaide

According to the latest figures from Domain, the median house price in Adelaide is $540,473, while the median unit price is $310,642.

Adelaide's average house price fell by a moderate 0.1% in the June quarter – only the second time since 2014. Annual house price growth averaged 4% between 2013 and 2018, but slowed to 1.4% over the year to June. Unit prices also fell by a modest 0.2% in the June quarter, but are still up by 0.6% over the year.

Average house prices in Canberra

At the end of the June 2019 quarter, Domain reported the average house price in Canberra as $741,947, and the average unit price as $448,737 – making Canberra the country’s third most expensive capital city to buy a house.

House prices grew by 1.5% over the quarter but remained relatively unchanged over the year. Unit prices dropped by 1.4% over the quarter but rose by 1.9% over the year leading up to June.

Average house prices in Hobart

Domain’s House Price Report for the June 2019 quarter reported that the average house price in Hobart is $474,423, and the average unit price in Sydney is $356,751.

As it stands, Hobart is Australia’s most affordable capital city in which to buy a house. The median house price increased by 0.7% in the June quarter and 3.9% over the year, which was the smallest annual increase since 2016. Hobart unit prices were down 1.5% over the year but have increased by 24% since 2016.

Average house prices in Darwin

As of the end of June 2019, Darwin was the second cheapest capital city in Australia for houses, with a median house price of $502,521 and a median unit price of $298,438.

Darwin house prices fell 2.3% in June and are now 26% below their 2013 peak. Unit prices fell 10.4% the year to June, bringing prices to almost 40% below their 2016 peak and making Darwin the cheapest capital city to buy a unit.

If you’re looking to sell, get a free online property estimate in 30 seconds, which includes your property’s estimated value, sales history, and comparable properties in your area.

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