Property Prices in Australia
| Index |  |
|---|---|
| Price to Income Ratio: | 8.38 |
| Mortgage as Percentage of Income: | 63.02% |
| Loan Affordability Index: | 1.59 |
| Price to Rent Ratio - City Centre: | 22.56 |
| Price to Rent Ratio - Outside of Centre: | 22.17 |
| Gross Rental Yield (City Centre): | 4.43% |
| Gross Rental Yield (Outside of Centre): | 4.51% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 2,176.93 A$ | |
| Apartment (1 bedroom) Outside of Centre | 1,689.47 A$ | |
| Apartment (3 bedrooms) in City Centre | 3,617.51 A$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,536.34 A$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 961.23 A$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 702.64 A$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 5,344.45 A$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.39 |
These data are based on 2893 entries in the past 18 months from 526 different contributors.
Last update: January 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 | 8.2 | 4.9 | 6.1 | 20.3 | 16.4 | 65.6 | 1.5 | |
| Brisbane | 10.5 | 3.8 | 3.9 | 26.1 | 25.6 | 81.3 | 1.2 | |
| Canberra | 8.8 | 5.8 | 5.9 | 17.3 | 16.9 | 64.9 | 1.5 | |
| Gold Coast | 10.3 | 3.4 | 3.4 | 29.5 | 29.2 | 78.0 | 1.3 | |
| Hobart | 7.7 | 2.9 | 3.6 | 35.0 | 27.6 | 51.5 | 1.9 | |
| Melbourne | 8.9 | 4.3 | 3.7 | 23.5 | 27.4 | 65.2 | 1.5 | |
| Perth | 7.6 | 5.3 | 4.9 | 18.8 | 20.5 | 60.0 | 1.7 | |
| Sydney | 13.1 | 3.1 | 3.5 | 32.1 | 28.9 | 95.9 | 1.0 |
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