Average House Prices

House prices have increased substantly and the average house price in Australia is now being quoted as around $486,000 in June 2009 that is the average price across all of Australia, this include the most expensive suburbs to the cheaper houses in remote country areas.

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By mid 2008 it was expected the Australian property boom had pretty well had its peak this was the case for many other western economies.

But during 2009 - 2010 Sydney continues to stand out as having particularly expensive average or median house price compared with other Australian cities.

In 2007 Perth had briefly challenged Sydney for top position in the house price league, but since the global financial crisis the Perth market has fallen faster than the Sydney market.

Here is some recent data published on average house prices

Average house price table (not including units/flats) :

Average house prices, can of course, mask a large difference in house prices between the most desirable and the least desirable areas of cities.

In Melbourne, for example, average house prices in the most desirable suburbs, such as Brighton and Canterbury are in the region of $1.25 - 1.5 million. In less sort after suburbs, such as Broadmeadows, the average price is around $250,000, here is an example of the large differences in pricing.

To get a specfic guide to average house prices for your postcode or suburb here

not working yet so here is link

http://www.homepriceguide.com.au/snapshot/index.cfm