Moving To Australia? Check Out this Australian House Price Index 2016 (Infographic)
Are you planning on moving to Australia (or interstate)? If so the cost of property, and more specifically, housing, will probably be a big factor when you are deciding whereabouts you should live.
Australia has one of the highest valued property markets in the world, with total property assets coming in at $6 trillion dollars last quarter. Along with moderate growth levels in the economy, the latest reports indicate that the housing market is extremely strong, with median prices continuously on the uprise, especially in Melbourne and Sydney. Overall, the currently median house price in Australia is approximately $623,000, up 4.1% from last year.
However, figures show that there is not growth in all areas. Darwin and Perth have both shown considerable declines in housing prices, and although housing prices in Hobart have experienced an increase in the past quarter, the growth is very slow.
The infographic we have prepared illustrates the current state of housing prices in Australia’s key capital cities.
Australian House Price Index 2016