Aussie houses earned much more than workers in 2021

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CoreLogic’s Tim Lawless has provided the below charts showing the average change in house values across Australia’s eight capital cities in 2021:

While Brisbane houses (30.4%) experienced the strongest percentage growth in 2021, in sheer dollar terms it was dwarfed by Sydney, whose median house value soared by $314,188 over the calendar year.

Across every capital other than Darwin, house values rose by more than the median Australian income, which was $62,400 in 2021:

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Australian median income

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.