Property Prices in Australia
| Index |  |
|---|---|
| Price to Income Ratio: | 8.10 |
| Mortgage as Percentage of Income: | 71.79% |
| Loan Affordability Index: | 1.39 |
| Price to Rent Ratio - City Centre: | 22.77 |
| Price to Rent Ratio - Outside of Centre: | 21.81 |
| Gross Rental Yield (City Centre): | 4.39% |
| Gross Rental Yield (Outside of Centre): | 4.58% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 2,229.70 A$ | |
| Apartment (1 bedroom) Outside of Centre | 1,760.44 A$ | |
| Apartment (3 bedrooms) in City Centre | 3,649.72 A$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,641.57 A$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 987.03 A$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 720.11 A$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 5,672.32 A$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.38 |
These data are based on 2938 entries in the past 18 months from 478 different contributors.
Last update: November 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
By City in Australia
Rank |
City |
Price To Income Ratio |
Gross Rental Yield City Centre |
Gross Rental Yield Outside of Centre |
Price To Rent Ratio City Centre |
Price To Rent Ratio Outside Of City Centre |
Mortgage As A Percentage Of Income |
Affordability Index |
|---|---|---|---|---|---|---|---|---|
| Adelaide | 7.4 | 4.7 | 5.6 | 21.4 | 17.8 | 65.3 | 1.5 | |
| Brisbane | 8.0 | 4.5 | 5.0 | 22.3 | 20.0 | 71.1 | 1.4 | |
| Canberra | 9.0 | 5.0 | 4.9 | 19.9 | 20.3 | 79.1 | 1.3 | |
| Gold Coast | 10.3 | 3.7 | 6.8 | 27.1 | 14.8 | 93.3 | 1.1 | |
| Hobart | 8.6 | 4.6 | 4.3 | 21.7 | 23.4 | 79.0 | 1.3 | |
| Melbourne | 7.6 | 4.7 | 4.4 | 21.2 | 22.5 | 66.7 | 1.5 | |
| Newcastle | 8.1 | 4.3 | 3.9 | 23.3 | 25.7 | 74.6 | 1.3 | |
| Perth | 5.8 | 6.0 | 6.2 | 16.6 | 16.2 | 51.8 | 1.9 | |
| Sydney | 13.2 | 3.4 | 3.6 | 29.6 | 27.8 | 117.3 | 0.9 |
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