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  1. Home
  2. Property

The Aussie city with the cheapest house price has been revealed

According to market analysts. - by Olivia Hart
  • 21 Oct 2020
The Aussie city with the cheapest house price has been revealed

The cheapest and most expensive cities to buy a house in Australia have been announced – and the results are surprising.

The latest data released by market analyst CoreLogic has shown that the median value of houses has dropped in most states this year.

With Victoria and New South Wales being the highest affected states for coronavirus, it is no surprise that house values have dipped in the metropolitan areas.

Sydney’s housing value decreased by 0.3 percent in September and Melbourne saw a 0.9 percent decline, so don’t expect many houses to be on the market in these cities.  

Sydney suburb at sunset
Getty

Of all the capital cities, Darwin saw the biggest increase in housing value with a 1.6 percent rise.

Despite this, houses in Darwin still top the list as the cheapest in Australia, followed by Adelaide and Perth. Unsurprisingly, Sydney came in at the bottom of the list as the most expensive capital city to buy a house in.

Have a look at the full list below.

The average price of a home in capital cities

Darwin - $398,885

Adelaide - $444,321

Perth - $445,717

Hobart - $489,059

Brisbane - $504,902

Canberra - $644,581

Melbourne - $666,796

Sydney - $859,943

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YOU’LL NEED A WEDGE TO HANG THAT DOOR
Watch 6:32

YOU’LL NEED A WEDGE TO HANG THAT DOOR

{headline}

{headline}

Kerching! How to add value to your home before selling

Kerching! How to add value to your home before selling

Two-thirds of house hunters are put off by this one feature

Two-thirds of house hunters are put off by this one feature

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The upfront costs that hit the hardest when buying a house

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Johanna visits the Jungle House

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How to sell your house when you have a tenant in place

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How one man turned a steam train into a house

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