Property Prices in Australia
| Index |  |
|---|---|
| Price to Income Ratio: | 9.67 |
| Mortgage as Percentage of Income: | 76.79% |
| Loan Affordability Index: | 1.30 |
| Price to Rent Ratio - City Centre: | 23.12 |
| Price to Rent Ratio - Outside of Centre: | 23.38 |
| Gross Rental Yield (City Centre): | 4.32% |
| Gross Rental Yield (Outside of Centre): | 4.28% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 2,295.28 A$ | |
| Apartment (1 bedroom) Outside of Centre | 1,780.50 A$ | |
| Apartment (3 bedrooms) in City Centre | 3,761.84 A$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,635.19 A$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,032.47 A$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 776.18 A$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 5,033.96 A$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.04 |
These data are based on 3145 entries in the past 18 months from 548 different contributors.
Last update: June 2023
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 | 9.7 | 4.6 | 5.2 | 21.9 | 19.1 | 82.5 | 1.2 | |
| Brisbane | 12.0 | 3.9 | 4.0 | 25.6 | 25.3 | 95.1 | 1.1 | |
| Canberra | 10.6 | 5.3 | 5.1 | 19.0 | 19.6 | 82.1 | 1.2 | |
| Gold Coast | 12.8 | 2.5 | 2.8 | 40.0 | 36.0 | 96.6 | 1.0 | |
| Hobart | 7.7 | 2.9 | 3.6 | 34.8 | 27.6 | 51.5 | 1.9 | |
| Melbourne | 10.5 | 4.5 | 3.6 | 22.2 | 27.9 | 83.0 | 1.2 | |
| Perth | 9.2 | 5.0 | 4.5 | 19.9 | 22.0 | 75.8 | 1.3 | |
| Sydney | 15.2 | 3.2 | 3.4 | 30.9 | 29.2 | 121.6 | 0.8 | |
| Wollongong | 7.6 | 11.1 | 9.4 | 9.0 | 10.6 | 56.2 | 1.8 |
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