Australia’s weighted average capital city median price for both houses and other dwellings increased over the September 2020 Quarter, the latest Real Estate Market Facts report by the REIA has found.
REIA president Adrian Kelly says the weighted average capital city median price increased 0.4% for houses and 0.7 % for other dwellings during the quarter.
Over the year to September 2020, the average capital city median house price rose 3.6% to $773,760, while other dwellings grew 2.9% to $596,750. At $1,154,000, Sydney’s median house price continues to be the highest among the capital cities, 49% higher than the national average. Perth and Darwin have the lowest median house price across Australian capital cities at $480,000, 38% lower than the national average.