The Australian property market’s last decade in review

Over the last ten years the Australian property market has recorded an annualised rate of growth just below 10% each year however, the results vary greatly between each city. 

Across the capital city residential property market, the last 10 years has seen home values almost double with an annual rate of growth of 9.4%. Today the capital city median dwelling price across the country sits at $451,000 with houses recording a median of $485,000 and units at $400,000. If you bought a home 10 years ago, you were probably looking at a median price of less than $200,000 for either property type.


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