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English: Chart of Australian house prices relative to CPI 1986 - 2009 with source data from ABS. Date: 17 May 2010: Source: Own work: Author: Justdata4wiki: Licensing.
The average Australian property price grew 0.5% per year from 1890 to 1990 after inflation, [1] however rose from 1990 to 2017 at a faster rate. House prices in Australia receive considerable attention from the media and the Reserve Bank [2] and some commentators have argued that there is an Australian property bubble. [citation needed]
Chart 1: House Price Index and CPI. Source ABS. The Australian property bubble is the economic theory that the Australian property market has become or is becoming significantly overpriced and due for a significant downturn (also called a correction or collapse).
The average weekly price for a rental in Australia is $570 per week. Units are typically cheaper, at a national median of $540 vis-a-vis houses at $582. [3] Rental prices grew nationally by 10.1% between 2022 and 2023; substantially higher than the annualised CPI rate of 7% for the period.
In Melbourne, for instance, one early observer noted that "a poor house stands side by side with a good house." [2] There are significant regional differences in rates of homeownership around Australia, reflecting average age differences (e.g., older age people tend to own houses more than younger people), as well as socio-economic differences. [7]
In 2013, Selling Houses Australia was the highest rating LifeStyle Channel series and was the number 1 regular program on Pay TV. [5] In its seventh series, which aired in 2014, the show became the highest rating series in Foxtel history, reaching a cumulative average of 603,000 viewers per episode, and "2.6 million unique people, equivalent to ...
Home in the Queenslander style. Australian residential architectural styles have evolved significantly over time, from the early days of structures made from relatively cheap and imported corrugated iron (which can still be seen in the roofing of historic homes) to more sophisticated styles borrowed from other countries, such as the California bungalow from the United States, the Georgian ...
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9