Property Prices Comparison Between Australia and Australia

For major cities in those countries you get more relevant data by specifying cities.

City in Australia:
City in Australia:

Index	Australia	Australia
Price to Income Ratio:	8.59	8.59
Mortgage as Percentage of Income:	76.19%	76.19%
Loan Affordability Index:	1.31	1.31
Price to Rent Ratio - City Centre:	24.37	24.37
Price to Rent Ratio - Outside of Centre:	23.09	23.09
Gross Rental Yield (City Centre):	4.10%	4.10%
Gross Rental Yield (Outside of Centre):	4.33%	4.33%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Australia Edit	Australia Edit	Difference
Apartment (1 bedroom) in City Centre	2,262.11 A$	2,262.11 A$	0.0 %
Apartment (1 bedroom) Outside of Centre	1,763.39 A$	1,763.39 A$	0.0 %
Apartment (3 bedrooms) in City Centre	3,592.65 A$	3,592.65 A$	0.0 %
Apartment (3 bedrooms) Outside of Centre	2,617.00 A$	2,617.00 A$	0.0 %
Buy Apartment Price	Australia Edit	Australia Edit
Price per Square Feet to Buy Apartment in City Centre	1,058.11 A$	1,058.11 A$	0.0 %
Price per Square Feet to Buy Apartment Outside of Centre	760.22 A$	760.22 A$	0.0 %
Salaries And Financing	Australia Edit	Australia Edit
Average Monthly Net Salary (After Tax)	5,693.57 A$	5,693.57 A$	0.0 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.38	6.38	0.0 %
Last update:	May 2024	May 2024
Contributors in the past 12 months:	408	408

Country data (source The World Bank, 2024)	Australia	Australia
GDP Per Capita (PPP) ($) :	51,100.00	51,100.00
GDP Growth Rate:	4.27	4.27
Population Growth Rate:	1.19	1.19

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