Property Prices in Australia
| Index |  |
|---|---|
| Price to Income Ratio: | 8.28 |
| Mortgage as Percentage of Income: | 73.37% |
| Loan Affordability Index: | 1.36 |
| Price to Rent Ratio - City Centre: | 23.07 |
| Price to Rent Ratio - Outside of Centre: | 22.17 |
| Gross Rental Yield (City Centre): | 4.34% |
| Gross Rental Yield (Outside of Centre): | 4.51% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 2,227.32 A$ | |
| Apartment (1 bedroom) Outside of Centre | 1,757.59 A$ | |
| Apartment (3 bedrooms) in City Centre | 3,613.4 A$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,633.78 A$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 995.06 A$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 730.25 A$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 5,608.7 A$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.38 |
These data are based on 2749 entries in the past 18 months from 461 different contributors.
Last update: October 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 | 7.8 | 4.6 | 5.5 | 21.6 | 18.3 | 68.8 | 1.5 | |
| Brisbane | 8.1 | 4.5 | 4.9 | 22.4 | 20.6 | 71.5 | 1.4 | |
| Canberra | 9.1 | 5.0 | 4.9 | 19.8 | 20.3 | 80.4 | 1.2 | |
| Gold Coast | 10.2 | 3.5 | 6.6 | 28.5 | 15.2 | 90.4 | 1.1 | |
| Hobart | 8.6 | 4.5 | 4.3 | 22.0 | 23.4 | 79.0 | 1.3 | |
| Melbourne | 7.6 | 4.6 | 4.5 | 21.8 | 22.2 | 67.0 | 1.5 | |
| Perth | 5.5 | 6.2 | 6.6 | 16.1 | 15.1 | 48.9 | 2.0 | |
| Sydney | 15.0 | 3.1 | 3.4 | 32.1 | 29.4 | 133.4 | 0.7 |
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