Property Prices in Australia

Index
Price to Income Ratio:	7.34
Mortgage as Percentage of Income:	52.27%
Loan Affordability Index:	1.91
Price to Rent Ratio - City Centre:	23.51
Price to Rent Ratio - Outside of Centre:	23.58
Gross Rental Yield (City Centre):	4.25%
Gross Rental Yield (Outside of Centre):	4.24%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	1,643.45 A$	1,200.00-2,600.00
Apartment (1 bedroom) Outside of Centre	1,253.35 A$	875.00-2,000.00
Apartment (3 bedrooms) in City Centre	2,774.02 A$	1,680.00-4,739.81
Apartment (3 bedrooms) Outside of Centre	1,915.73 A$	1,300.00-3,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	761.10 A$	432.55-1,486.44
Price per Square Feet to Buy Apartment Outside of Centre	558.43 A$	259.32-929.02
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	4,839.53 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.76	2.60-5.00

These data are based on 2557 entries in the past 18 months from 428 different contributors.
Last update: March 2021
Our data for each country are based on all entries from all cities in that country.

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By City in Australia