What are the property prices like in Australia?

property
2008 chap asked:

I am talking about buying a residential property.
Am planning to move to Australia. I would want to stay in an urban/sub-urban setting. Am looking for not so costly independent properties.

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Comments (4)    Posted in Other - Australia    

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4 Responses to 'What are the property prices like in Australia?'

  1. anon_guy_anon - March 15th, 2009 at 6:57 am

    I live in Australia.

    Property prices have risen much faster than inflation for quite some time.

    The median price of a house in Melbourne is $450k and it is even higher for Sydney.

    There is a lot of immigration and the State governments are not releasing enough land.

  2. fruitsalad - March 15th, 2009 at 1:56 pm

    It depends a lot on the city. Adelaide is best value. Plenty of houses for in the $300-$400K’s. Also consider the larger country towns or Hobart.

    Sydney, Melbourne, Brisbane and Perth are all a lot more expensive. You are probably going to have to spend more like $500K in those cities.

  3. Steven1 - March 15th, 2009 at 2:50 pm

    Today, 3 bed rooms, small backyard, 10 km from CBD will be about around A$ 1 million in Melbourne, if you live about 20 klm from CBD the price will be about half between $ 45k to 700k depending on the house. For one bed room near beach or central city will be around A$ 350k to A$ 500k.

    Note: All the price become double since a year ago, because of inflation. Many working families are struggling in Australia, because of housing and petrol prices.

    If you want to know more detail go to

  4. Sa-Sa - March 17th, 2009 at 10:48 pm

    Depending on what city and also area, the cost will vary.

    But, and I am not in any way trying to scare you off moving here, be prepared to pay, wherever you go!

    Inflation is up and interest rates are through the roof.


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