Big news for Australia's property market!
- Entre Shield
- Apr 26
- 2 min read
Source: Domain
Adelaide Hits $1 Million for Houses, Sydney Almost at $1.7 Million
For the first time ever, Adelaide’s median house price has passed $1 million, reaching $1,000,202. Over the last five years, Adelaide house prices have almost doubled, making it much harder for first-home buyers to get into the market.
At the same time, Sydney is racing ahead. The median house price there is now $1,691,731, just $8000 away from hitting $1.7 million. Sydney is way ahead of other cities because there’s less land to build new homes — the ocean, the mountains, and national parks block expansion.
Other highlights:
Melbourne house prices are slowly growing again, now at $1,035,887.
Brisbane homes slightly dropped in price but units (apartments) jumped up a lot.
Perth could also join the $1 million club by the end of the year.
Capital City | Median House Price (Mar 2025) | Median Unit Price (Mar 2025) |
Sydney | $1,691,731 | $823,467 |
Melbourne | $1,035,887 | $550,022 |
Brisbane | $1,022,026 | $657,645 |
Adelaide | $1,000,202 | $557,957 |
Canberra | $1,049,067 | $531,784 |
Perth | $917,706 | $508,367 |
Hobart | $710,077 | $555,609 |
Darwin | $659,172 | $352,441 |
Combined Capitals | $1,178,668 | $670,205 |
Today, five capital cities (Sydney, Melbourne, Brisbane, Adelaide, and Canberra) all have house prices over $1 million. Only Perth, Hobart, and Darwin are still under.
With the federal election approaching, housing prices and affordability will be a major topic. Now more than ever, buyers should stay informed, understand market trends, and seek smart opportunities — whether buying to live or invest.
If you have any questions or need any information about Australian property, buying Australian property, selling property or looking for property management, you can leave a message or WhatsApp +61 481 988 806 to contact real estate expert, Entre Shield Property, we have the most professional sales consultants to answer any related questions for you!
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