Australian Housing Market Sees $230K Median Value Rise Over Five Years

New data highlights a 39.1% national increase, with Perth leading at 75%, though affordability challenges persist in major cities.

CoreLogic data reveals a 39.1% increase in Australian median home values over five years, equating to a $230,000 rise.
Perth experienced the most significant growth among capital cities, with home values surging 75% since 2020, adding approximately $350,000 to median prices.
Despite the growth, affordability has worsened, with Sydney’s housing value-to-income ratio reaching a record 9.8, the highest among capital cities.
Experts attribute the rise to low housing stock, strong demand, and a resilient economy, though the growth cycle is more moderate compared to historic booms.
Future trends may be influenced by macroeconomic factors, including expected interest rate cuts and global economic disruptions such as new US tariff policies.