Median Australian Property Values 30 April 2021.

Median Australian Dwelling Values at 30 April 2021

The median value of Australian dwellings, as at 30 April 2021, was $624,997. This is a rise of 7.8% over the year.

The median for all Capital Cities was $705,375, a rise of 6.4% over the year.

The median for all Regional areas was $457,938, a rise of 13.0% over the year.

Median Australian Capital City Property Values:

Australian Capital city Median dwelling values, in order of increases in last 12 months.

• $465,976 Darwin, up 15.3% in last year.
• $734,107 Canberra, up 14.2% in last year.
• $561,254 Hobart, up 13.8% in last year.
• $492,285 Adelaide, up 10.3% in last year.
• $558,295 Brisbane, up 8.3% in last year.
• $950,457 Sydney, up 7.5% in last year.
• $513,598 Perth, up 6.7% in last year.
• $744,679 Melbourne, up 2.2% in last year.

House Price Changes since the Pandemic began:

The property price changes caused by the COVID-19 pandemic were felt worse in Melbourne, where prices rose by about 3% from January 2020 to April 2020, but then dropped by about 5.5% by November 2020, before finally rising again to about 5% higher than in January 2020.

With an index set at 100 at 1 Jan 2020, the RESI price index shows the following rises over the 16 months to 6 May 2021.

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• 12.6% Sydney
• 12.5% Brisbane
• 11.7% Adelaide
• 9.1% Perth
• 5.0% Melbourne

CoreLogic March Home Value Index 2016-2021

The median property values for Australian Capital Cites have risen by an average of 4.76% per year, over the last 5 years, from $550,000 to $693,936.

Median Dwelling Values 2016 and 2021 with average annual change:

Corelogic