Median Australian Property Values 30 April 2021.


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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:

City 2016 2021 Annual change
Hobart $341,500 $548,686 9.95%
Canberra $540,000 $727,032 6.13%
Melbourne $560,000 $736,620 5.64%
Sydney $730,000 $928,028 4.92%
Adelaide $415,000 $486,555 3.23%
Brisbane $470,000 $548,260 3.13%
Perth $495,000 $505,850 0.44%
Darwin $505,000 $451,408 -2.22%
Combined Capitals $550,000 $693,936 4.76%

Corelogic

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