The median home price is approximately AUD 1,114,087, reflecting a 4.3% increase over the past year. Sydney continues to experience robust demand, contributing to price increases despite higher interest rates and inflation pressures.

The median home price in Melbourne is around AUD 901,884, showing a modest annual increase of 2.0%. Melbourne’s market has been relatively stable but still below the peak levels observed in early 2022.

With a median home price of AUD 799,000, Brisbane has seen a significant annual increase of 5.4%. The city benefits from strong population growth and relative affordability compared to Sydney and Melbourne.

The median home price in Adelaide stands at AUD 699,983, marking a notable 7.1% rise over the past year. Adelaide continues to attract buyers due to its lower cost of living and high quality of life.

Perth’s median home price is AUD 635,000, with an impressive 5.6% increase from the previous year. The city’s affordability and strong economic prospects contribute to its growing market.

Hobart has seen a median home price of AUD 666,186, though it has experienced a slight decrease of 2.4% over the past year. The market has cooled after rapid price growth in previous years.