The Current Median House Price Across All Capital Cities in Australia

As of January 2025, the housing market in Australia has demonstrated diverse trends across its capital cities. While certain areas have seen price increases, others have encountered minor declines. Below is a comprehensive summary of the median house prices in each capital city:

(source for figures: propertyupdate by metropole)

Sydney

The median house price in Sydney is $1,647,395, indicating a 0.4% decrease during the January quarter. Despite this quarterly reduction, the city's housing market has experienced a growth of 5.4% over the past year and 16.3% over the last two years.

Melbourne

In Melbourne, the median house price is recorded at $1,047,464, reflecting a 0.3% decline in the January quarter. Over the past year, prices have fallen by 0.7%, although there has been a modest increase of 2.1% over the last two years.

Brisbane

Brisbane's housing market remains strong, with a median house price of $1,011,959. The city saw a 0.8% increase in the January quarter, a significant 13.1% rise over the past year, and an impressive 28.9% increase over the last two years.

Adelaide

The median house price in Adelaide is $962,399, showing a 1.2% decrease in the January quarter. Nevertheless, the city has experienced a 12.5% increase over the past year and a 24.9% rise over the last two years.

Perth

Perth continues its upward trend with a median house price of $975,062. The city recorded a 0.6% increase in the January quarter, an impressive 21.8% growth over the past year, and a substantial 42.8% increase over the last two years.

Hobart

Hobart's median house price is $668,041, experiencing a 2.3% decline in the January quarter. Over the past year, prices have decreased by 0.9% and by 6.2% over the last two years.

Darwin

In Darwin, the median house price stands at $616,956, indicating a 1.7% decline during the January quarter. Nevertheless, there has been a 1.1% increase over the past year, although a more significant decrease of 6.1% has occurred over the last two years.

Canberra

Canberra's housing market demonstrates a degree of stability, with a median house price of $956,268, reflecting a 0.2% rise in the January quarter. The city has seen a modest growth of 0.4% over the past year, while experiencing a slight decline of 0.7% over the last two years.

Nationally

On a national scale, the median house price is recorded at $1,162,091, which represents a 0.2% decrease in the January quarter. In contrast, there has been a notable increase of 6.7% over the past year and a substantial rise of 15.9% over the past two years.

Final Thoughts

These statistics underscore the dynamic characteristics of Australia's property market, shaped by various factors including regional economic conditions, population growth, and housing supply. It is advisable for potential buyers and investors to take these trends into account and engage in comprehensive research or seek guidance from property professionals prior to making any decisions.

Register for gold membership on our website:

www.ozhousehunters.com.au

Discover property gems Australia wide!! Our website features all live listings of mortgagee repossessed sales, deceased estates, development sites, fixer-uppers & dual income properties, perfect for savvy buyers and investors. Subscribers enjoy real-time updates, our weekly "Hottest Properties" of the week email, and expert insights to stay ahead. Sign up today and unlock your next great property deal!

Published by

Nick Karayanis B.Eng. UNSW (Civil)

Licensed Contractor NSW (Building)

Disclaimer:

The content of this blog is for informational and educational purposes only and should not be considered professional financial, legal, or real estate advice. Every real estate transaction and renovation project is unique, and you should consult with qualified professionals, such as real estate agents, contractors, and legal advisors, to address your specific needs and circumstances. The information provided here is based on personal experiences and research and may not reflect current market conditions or regulations in your area. Readers assume all responsibility for decisions made based on the content of this blog.