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.
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Across every capital other than Darwin, house values rose by more than the median Australian income, which was $62,400 in 2021:
The weekly value gains across the capitals ranged from around $1,200 to $6,300:
- Sydney: $6,300
- ACT: $4,200
- Brisbane: $3,500
- Hobart: $3,000
- Melbourne: $2,900
- Adelaide: $2,500
- Perth: $1,250
- Darwin: $1,200
Now spare a thought for those stuck in the rental market, whose housing costs have soared:
Housing equality took another big step backwards in 2021.
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