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Average house prices in Australia

21 June 2015 by News Desk

property_house02Average house prices in Australia have risen to almost $660,000 with Darwin showing the largest increase among the capital cities.

Sydney’s average house price is close to $1 million but property prices in some cities have fallen. Average property prices overall have increased by almost 9% over the past 12 months, driven by a rising population, a shortage of property and low interest rates.

But there is some good news – average price of apartments in Perth, Canberra and Adelaide have fallen, in some cases by almost 5%.

The price of an average house in Australia rose by 2.4% to $658,608 in the first three months of 2015 while price of apartments and other dwellings rose by 1.5 per cent to $517,929. Darwin increased 6.8% to $625,000. Sydney has the highest average house price among the capital cities at $929,842, according to the latest report by Bendigo Bank-Real Estate Institute of Australia.

Average House Prices
● Australia: $658,608 (+2.4%)
● Sydney: $929,842 (+4.9%)
● Melbourne: $688,000 (+3.5%)
● Darwin: $625,000 (+6.8%)
● Canberra: $560,000 (+0.7%)
● Perth: $535,000 (-2.7%)
● Brisbane: $475,000 (-1.5%)
● Adelaide $425,250 (+0.1%)
● Hobart $382,500 (+6.3%)

Average Apartment Prices
● Australia $517,929 (+1.5%)
● Sydney $615,547 (+2.3%)
● Melbourne $519,500 (+2.2%)
● Darwin $500,000 (+1.0%)
● Perth $440,000 (-1.1%)
● Canberra $407,250 (-2.5%)
● Brisbane $393,000 (+2.1%)
● Adelaide $320,000 (-4.5%)
● Hobart $277,500 (+5.7%)



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