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Average or Median Real Estate Sale PricesReal estate prices have increased substantly and the average real estate price in Australia is now being quoted as around $486,000 in June 2009 that is the average price across all of Australia, this include the most expensive suburbs to the cheaper houses in remote country areas. By mid 2008 it was expected the Australian property boom had pretty well had its peak this was the case for many other western economies. But during 2009 Sydney continues to stand out as having particularly expensive average or median real estate price compared with other Australian cities. In 2007 Perth had briefly challenged Sydney for top position in the real estate price league, but since the global financial crisis the Perth market has fallen faster than the Sydney market. Here is some recent data published on median or average real estate pricesAverage real estate price table (not including units/flats) :
Median real estate prices, can of course, mask a large difference in real estate prices between the most desirable and the least desirable areas of cities. In Melbourne, for example, average real estate prices in the most desirable suburbs, such as Brighton and Canterbury are in the region of $1.25 - 1.5 million. In less sort after suburbs, such as Broadmeadows, the average price is around $250,000, here is an example of the large differences in pricing. To get a specfic guide to average real estate prices for your postcode or suburb here type your details in form below
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