Property Prices in Australia
| Index |  |
|---|---|
| Price to Income Ratio: | 10.72 |
| Mortgage as Percentage of Income: | 95.64% |
| Loan Affordability Index: | 1.05 |
| Price to Rent Ratio - City Centre: | 26.58 |
| Price to Rent Ratio - Outside of Centre: | 26.91 |
| Gross Rental Yield (City Centre): | 3.76% |
| Gross Rental Yield (Outside of Centre): | 3.72% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 2,374.06 A$ | |
| Apartment (1 bedroom) Outside of Centre | 1,859.32 A$ | |
| Apartment (3 bedrooms) in City Centre | 3,793.87 A$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,747.45 A$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,214.58 A$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 932.47 A$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 5,391.26 A$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.47 |
These data are based on 2897 entries in the past 18 months from 483 different contributors.
Last update: April 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 | 10.5 | 4.0 | 4.4 | 24.9 | 22.6 | 93.9 | 1.1 | |
| Brisbane | 10.6 | 3.8 | 4.1 | 26.6 | 24.6 | 93.9 | 1.1 | |
| Canberra | 13.1 | 4.5 | 4.2 | 22.3 | 23.9 | 116.7 | 0.9 | |
| Gold Coast | 13.2 | 2.7 | 3.2 | 36.4 | 31.7 | 120.5 | 0.8 | |
| Hobart | 10.6 | 4.1 | 3.9 | 24.5 | 25.7 | 97.5 | 1.0 | |
| Melbourne | 10.1 | 4.3 | 3.6 | 23.4 | 27.8 | 90.6 | 1.1 | |
| Perth | 9.0 | 4.5 | 4.3 | 22.0 | 23.4 | 80.3 | 1.2 | |
| Sydney | 17.6 | 3.0 | 3.0 | 33.2 | 32.9 | 156.9 | 0.6 |
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