Australia’s Median Home Prices by State & Territory (2025–2026)
If you're an investor or looking to relocate in 2026, understanding trends and median house pricing around Australia is impotent. Below is a summary to get you started!
Australia’s housing market continues to show strong regional variation. Median prices remain highest in the eastern capitals like Sydney, and more affordable in smaller cities and regional markets.
National Snapshot
National median house price: ~AUD $980,000 as of December 2025
Capital cities combined median: ~AUD $1,126,860 — significantly higher than regional areas
Regional median: ~AUD $749,692 — more affordable outside city centres
Median Prices by State & Territory
New South Wales (NSW)
NSW is the most expensive state for housing in Australia. Median detached house prices — especially in Sydney — often range well over $1.6M, with data showing figures around AUD $1.62M in late 2025. Regional NSW prices are notably lower than Sydney but still high by national standards. NSW remains the apex of Australia’s property market, attracting investors despite affordability challenges.
Victoria (VIC)
Victoria’s median is generally lower than NSW but still north of many other states. Recent reports put Melbourne’s median above $1M in many contexts, with variations depending on data source and quarter. Melbourne remains pricey but more accessible than Sydney and occasionally softer in growth, offering opportunities for buyers.
Queensland (QLD)
Queensland’s capital, Brisbane, has been rising strongly. Median prices are now consistently over $1M in many datasets, highlighting strong demand. Queensland is increasingly competitive, with stronger interstate migration driving prices up.
South Australia (SA)
Adelaide’s median house price has been climbing and in some reports has moved above the $1M mark. SA offers good value compared to NSW and VIC; prices are rising but remain relatively moderate.
Western Australia (WA)
Perth has seen notable price growth (often cited near or under $1M median). WA’s market has benefited from strong local demand and interstate buyers. WA remains a strong growth story — historically more affordable, now catching up with eastern states.
Tasmania (TAS)
Tasmania typically has lower median prices than mainland states, though prices have climbed to around $670k. Tasmania remains one of Australia’s more affordable home markets.
Australian Capital Territory (ACT)
The ACT’s median dwelling price is high — around AUD $968k. Canberra’s market is relatively expensive given its smaller size and solid public-sector workforce.
Northern Territory (NT)
NT typically has the lowest median dwelling price among jurisdictions — around $564k. NT remains the most affordable state/territory for buyers, though smaller population and market size influence liquidity.
Final Thoughts
Australia’s housing market remains diverse and dynamic. While Sydney and VIC continue to lead in price, states like Queensland and Western Australia are rapidly closing the gap.
Regional markets demonstrate affordability advantages, and smaller capital cities offer value for buyers priced out of larger cities.
Whether you’re a first-home buyer, investor, or planning interstate relocation, understanding these median figures helps you assess where your budget stretches furthest and where growth opportunities are emerging.
