Australia’s housing affordability bites | The Real Estate Podcast Episode 40

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Australia’s housing affordability bites | Anthony Landahl – Equilibria Finance

Sydney median house prices grew to record levels of over $1.6 million in May 2024 – easing back recently to $1.475m, and Sydney median unit prices are now over $850,000 making Sydney the most unaffordable city in Australia, recently ranking as the second most unaffordable city in the world behind Hong Kong.

Brisbane’s median house price have also now overtaken Melbourne, as affordability bites home buyers looking to upgrade or first home buyers getting into the market.

As at 1st August 2024 our median house prices:

  • Sydney Median house price: $1,473,038 and Median unit price: $852,766
  • Canberra Median house price: $984,894 and Median unit price: $583,073
  • Brisbane Median house price: $966,825 and Median unit price: $638,909
  • Melbourne Median house price: $944,138 and Median unit price: $610,300
  • Adelaide Median house price: $830,609 and Median unit price: $546,429
  • Perth Median house price: $808,038 and Median unit price: $540,546
  • Hobart Median house price: $686,660 and Median unit price: $536,318
  • Darwin Median house price: $588,327 and Median unit price: $367,487

In this Podcast Anthony Landahl, Managing Director and Mortgage Broker at Equilibria Finance breaks down affordability across the nation, where the growth is happening and the challenges homebuyers are facing.

Listen here: https://youtu.be/JEL70mhT9SE

Anthony Landahl | Managing Director Equilibria Finance

This is for general information purposes only and does not constitute advice. With all of these options there are a number of considerations outside the scope of what is covered in this article that you need to understand to ensure your personal circumstances are taken into consideration.

Equilibria Finance is a mortgage broking practice specialising in delivering residential and commercial mortgage and business and asset finance solutions to the clients of financial advice and accounting practices.

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