The Finance Algorithm

Median house prices, by city

The middle sale price of established houses, and of units and townhouses, in every capital city and the rest of each state, from the ABS's count of registered property sales. Half of the sales were above the median and half below.

The median price in each capital city, June quarter 2026

ABS, released 17 Oct 2026. Updated each quarter

  1. Sydney-2.1% on a year, 8,932 sales
    $1,487,600
  2. Brisbane+18.8% on a year, 6,559 sales
    $1,155,000
  3. Perth+18.8% on a year, 5,154 sales
    $1,010,000
  4. Adelaide+13.2% on a year, 4,270 sales
    $975,000
  5. Melbourne+1.2% on a year, 11,414 sales
    $850,000
  6. Darwin+21.4% on a year, 360 sales
    $752,500
  7. Hobart+4.9% on a year, 473 sales
    $750,000

Canberra isn't listed on its own: the ABS counts the whole ACT as one area, with the regions further down.

What is the median house price in each capital city?

In the June quarter 2026, the median established house sold for $1,487,600 in Sydney, the highest of the capital cities, and $750,000 in Hobart, the lowest. Units and townhouses had a median of $840,000 in Sydney.

AreaMedian houseYear on yearMedian unitYear on yearSales this quarter
Sydney$1,487,600down 2.1%$840,000up 1.2%18,823
Melbourne$850,000up 1.2%$590,000down 2.2%23,676
Brisbane$1,155,000up 18.8%$830,100up 17.2%10,068
Adelaide$975,000up 13.2%$725,000up 9.8%6,005
Perth$1,010,000up 18.8%$730,000up 21.7%7,523
Hobart$750,000up 4.9%$600,000up 7.9%696
Darwin$752,500up 21.4%$445,500up 17.1%768

How prices have moved since 2019

The median house and unit price in each capital, and the ACT, every quarter since the March quarter 2019. They share one scale, so the level and the climb both compare. Hover or tap a chart for any quarter's figures.

Established houseUnit or townhouse
Sydney$1,487,600Houses up 71% since the March quarter 2019
20192026
Melbourne$850,000Houses up 24% since the March quarter 2019
20192026
Brisbane$1,155,000Houses up 117% since the March quarter 2019
20192026
Adelaide$975,000Houses up 105% since the March quarter 2019
20192026
Perth$1,010,000Houses up 106% since the March quarter 2019
20192026
Hobart$750,000Houses up 59% since the March quarter 2019
20192026
Darwin$752,500Houses up 55% since the March quarter 2019
20192026
ACT$1,030,000Houses up 49% since the March quarter 2019
20192026
Show every quarter's house prices
Median established house price by quarter in each capital and the ACT
QuarterSydneyMelbourneBrisbaneAdelaidePerthHobartDarwinACT
Jun qtr 2026$1,487,600$850,000$1,155,000$975,000$1,010,000$750,000$752,500$1,030,000
Mar qtr 2026$1,550,000$875,000$1,160,000$985,000$1,005,000$750,000$750,000$1,080,000
Dec qtr 2025$1,570,000$895,000$1,102,300$955,200$960,000$750,000$710,000$1,070,000
Sep qtr 2025$1,521,500$845,000$1,025,000$899,000$874,000$722,500$670,000$1,030,000
Jun qtr 2025$1,520,000$840,000$972,000$861,000$850,000$715,000$620,000$1,000,000
Mar qtr 2025$1,450,000$835,000$947,700$852,000$820,000$717,000$599,800$975,000
Dec qtr 2024$1,450,000$850,000$935,000$850,000$820,000$715,000$560,000$1,000,000
Sep qtr 2024$1,410,000$822,300$890,000$817,500$780,000$700,000$557,500$998,900
Jun qtr 2024$1,455,000$842,000$890,000$785,000$755,000$690,000$582,500$990,000
Mar qtr 2024$1,400,000$845,000$850,000$765,000$699,500$705,000$570,000$980,000
Dec qtr 2023$1,420,000$865,000$830,000$750,000$660,000$715,000$589,500$1,000,000
Sep qtr 2023$1,370,000$832,000$800,000$715,000$600,000$695,000$585,000$985,000
Jun qtr 2023$1,355,000$840,300$775,000$702,000$600,000$696,500$590,000$983,000
Mar qtr 2023$1,250,100$835,000$757,000$680,000$578,000$705,000$575,000$984,000
Dec qtr 2022$1,300,000$875,000$750,000$675,000$580,000$731,500$590,000$1,000,000
Sep qtr 2022$1,300,000$850,000$750,000$654,000$555,000$720,000$560,000$1,000,000
Jun qtr 2022$1,350,000$900,000$773,000$663,000$565,000$765,000$585,000$1,059,000
Mar qtr 2022$1,325,000$888,000$765,000$650,000$550,000$765,000$600,000$1,080,000
Dec qtr 2021$1,360,000$940,000$750,000$630,000$558,800$754,000$600,000$1,040,000
Sep qtr 2021$1,300,000$840,000$657,000$580,000$525,000$700,000$580,000$940,000
Jun qtr 2021$1,206,400$830,000$630,000$550,000$540,000$630,000$565,000$905,000
Mar qtr 2021$1,052,000$800,000$600,000$523,000$535,000$610,000$535,000$835,000
Dec qtr 2020$999,000$760,000$575,000$512,500$528,000$567,700$522,500$785,000
Sep qtr 2020$945,000$710,000$555,000$500,000$495,000$528,500$500,000$755,000
Jun qtr 2020$955,000$720,000$547,000$487,500$475,000$520,000$465,000$720,000
Mar qtr 2020$947,500$730,000$540,000$472,000$477,500$529,000$470,000$720,500
Dec qtr 2019$985,000$760,000$550,000$485,000$495,000$517,000$470,000$745,000
Sep qtr 2019$900,000$705,000$540,000$474,000$478,000$480,000$489,000$676,000
Jun qtr 2019$897,000$700,000$538,000$478,500$480,000$490,000$470,000$715,000
Mar qtr 2019$870,000$685,000$533,000$475,000$490,000$471,500$485,000$690,000
Show every quarter's unit prices
Median unit and townhouse price by quarter in each capital and the ACT
QuarterSydneyMelbourneBrisbaneAdelaidePerthHobartDarwinACT
Jun qtr 2026$840,000$590,000$830,100$725,000$730,000$600,000$445,500$615,000
Mar qtr 2026$855,500$590,800$840,000$742,000$740,000$610,000$430,000$629,900
Dec qtr 2025$864,900$650,000$795,000$735,000$700,000$605,000$432,300$630,000
Sep qtr 2025$845,000$590,000$745,000$685,300$630,000$580,000$405,000$618,000
Jun qtr 2025$830,000$603,000$708,000$660,000$600,000$556,300$380,600$605,000
Mar qtr 2025$820,000$630,000$685,000$640,000$575,000$550,000$360,000$600,000
Dec qtr 2024$820,000$627,500$655,000$640,000$559,000$537,500$341,000$610,000
Sep qtr 2024$815,000$620,000$630,000$610,000$541,000$525,000$350,000$600,000
Jun qtr 2024$805,000$630,000$610,000$630,000$510,000$555,000$356,000$630,000
Mar qtr 2024$790,000$630,000$580,000$570,000$475,500$551,000$390,000$605,000
Dec qtr 2023$800,000$635,000$548,000$565,500$447,000$540,000$375,000$626,000
Sep qtr 2023$795,000$625,000$525,000$520,000$420,000$550,000$376,000$619,000
Jun qtr 2023$800,000$620,000$500,000$525,000$410,000$557,000$387,500$600,000
Mar qtr 2023$765,000$605,000$483,000$489,500$402,600$560,000$370,000$610,000
Dec qtr 2022$765,000$615,000$480,000$480,000$400,000$565,000$382,500$600,000
Sep qtr 2022$750,000$618,000$470,000$485,000$400,000$565,000$360,000$596,000
Jun qtr 2022$775,000$640,000$470,000$465,000$405,000$575,000$400,000$600,000
Mar qtr 2022$780,000$640,000$459,000$454,900$410,000$586,300$402,000$575,000
Dec qtr 2021$806,000$655,000$450,000$450,000$412,800$570,000$382,000$590,000
Sep qtr 2021$800,000$650,800$430,000$425,000$415,000$540,000$360,000$530,000
Jun qtr 2021$785,000$648,200$421,300$415,000$420,000$502,500$375,000$542,000
Mar qtr 2021$750,000$630,000$420,000$420,000$414,000$471,100$340,000$505,000
Dec qtr 2020$743,000$620,000$415,000$415,000$400,000$441,000$292,500$498,000
Sep qtr 2020$730,000$595,000$400,000$411,800$385,000$420,000$285,000$488,000
Jun qtr 2020$730,000$600,000$386,500$421,300$350,000$394,500$272,000$460,000
Mar qtr 2020$730,000$593,000$390,000$390,000$380,000$425,000$299,000$460,000
Dec qtr 2019$736,000$600,000$399,000$385,000$380,000$400,000$320,000$473,300
Sep qtr 2019$710,000$570,000$397,500$380,000$380,000$385,000$285,000$456,900
Jun qtr 2019$700,000$560,000$390,000$390,000$379,000$382,500$306,500$450,000
Mar qtr 2019$695,000$555,000$387,800$400,000$387,500$390,000$292,500$450,000

Regional prices, state by state

The capital against the rest of its state, median house price, June quarter 2026

CapitalRest of state
  1. New South WalesCapital: $1.49mRest of state: $810k
  2. VictoriaCapital: $850kRest of state: $625k
  3. QueenslandCapital: $1.16mRest of state: $800k
  4. South AustraliaCapital: $975kRest of state: $585k
  5. Western AustraliaCapital: $1.01mRest of state: $665k
  6. TasmaniaCapital: $750kRest of state: $625k
  7. Northern TerritoryCapital: $753kRest of state: $450k
AreaMedian houseYear on yearMedian unitYear on yearSales this quarter
Rest of NSW$810,000up 5.1%$710,000up 6.0%13,789
Rest of Vic.$625,000up 8.7%$467,800up 7.3%7,047
Rest of Qld$800,000up 10.1%$805,000up 11.8%13,251
Rest of SA$584,500up 15.7%$378,800up 20.9%1,744
Rest of WA$665,000up 20.9%$520,000up 26.8%1,863
Rest of Tas.$625,000up 13.6%$500,000up 11.1%946
Rest of NT$450,000up 1.3%$340,000up 14.3%167
Australian Capital Territory$1,030,000up 3.0%$615,000up 1.7%2,204

What buyers are borrowing

New owner-occupier home loans averaged $730,700 in the June quarter 2026, up 7.8% on a year earlier, excluding refinancing. That's the value of new loans divided by their number, from the ABS's Lending Indicators.

Average new owner-occupier loan since the March quarter 2021

ABS Lending Indicators, quarterly

Value of new owner-occupier loan commitments for dwellings divided by their number, Australia, excluding refinancing. Source: ABS.
Show the figures
Average new owner-occupier loan in Australia by quarter
QuarterAverage loan
Jun qtr 2026$730,700
Mar qtr 2026$735,300
Dec qtr 2025$736,800
Sep qtr 2025$694,500
Jun qtr 2025$678,100
Mar qtr 2025$660,100
Dec qtr 2024$666,100
Sep qtr 2024$642,000
Jun qtr 2024$631,200
Mar qtr 2024$609,400
Dec qtr 2023$614,100
Sep qtr 2023$592,000
Jun qtr 2023$583,000
Mar qtr 2023$586,400
Dec qtr 2022$599,700
Sep qtr 2022$594,900
Jun qtr 2022$611,500
Mar qtr 2022$602,600
Dec qtr 2021$590,400
Sep qtr 2021$569,700
Jun qtr 2021$547,500
Mar qtr 2021$505,700

Established houses leave out new builds; units include apartments, flats and townhouses. The ABS revises the latest quarters as late sales are registered, and a median moves with the mix of homes sold as well as with prices. For what new home loans look like, see average home loans by state.

Source: Australian Bureau of Statistics, from the ABS Data API, licensed under CC BY 4.0. Normalised by The Finance Algorithm. Residential Dwellings: Values, Mean Price and Number, June quarter 2026 (released 17 Oct 2026); Lending Indicators, June quarter 2026 (released 14 Aug 2026). General information, not financial advice.

Median house prices, city by city

What is the median house price in Sydney?
$1,487,600 for an established house in the June quarter 2026, -2.1% on a year earlier, and $840,000 for a unit or townhouse, from the ABS's count of registered sales.
What is the median house price in Melbourne?
$850,000 for an established house in the June quarter 2026, +1.2% on a year earlier, and $590,000 for a unit or townhouse, from the ABS's count of registered sales.
What is the median house price in Brisbane?
$1,155,000 for an established house in the June quarter 2026, +18.8% on a year earlier, and $830,100 for a unit or townhouse, from the ABS's count of registered sales.
What is the median house price in Adelaide?
$975,000 for an established house in the June quarter 2026, +13.2% on a year earlier, and $725,000 for a unit or townhouse, from the ABS's count of registered sales.
What is the median house price in Perth?
$1,010,000 for an established house in the June quarter 2026, +18.8% on a year earlier, and $730,000 for a unit or townhouse, from the ABS's count of registered sales.
What is the median house price in Hobart?
$750,000 for an established house in the June quarter 2026, +4.9% on a year earlier, and $600,000 for a unit or townhouse, from the ABS's count of registered sales.
What is the median house price in Darwin?
$752,500 for an established house in the June quarter 2026, +21.4% on a year earlier, and $445,500 for a unit or townhouse, from the ABS's count of registered sales.