Adelaide, Perth houses now cost more than Melbourne | ABC News

Published: Sep 02, 2024 Duration: 00:01:00 Category: News & Politics

Trending searches: melbourne news
this is a big moment Adela and fth are more expensive than Melbourne in fact Melbourne is now sixth on the median price League table the national median house price Rose half% in August to just over $800,000 but that's meaningless there's no such thing as a national housing market anymore prices in Adelaide Perth and Brisbane are Galloping along at 1 to 2% a month while in Melbourne CRA Hobart and Darwin they're falling and Sydney's flat now part of the difference is that Melbourne and Sydney are getting denser that is more high-rise apartments are increasing Supply in the past 15 years the proportion of multi-unit dwellings in Melbourne has gone from 23 to 33% and in Sydney from 31 to 39% in Adela and Perth it stayed fairly flat at around 16% new listings in Perth and Adelaide have collapsed while in Melbourne they're up 10% building approvals are way down in wa and South Australia compared with Victoria and New South Wales as a result Perth and Adelaide have also seen big increases in rents for units and apartments up 12.4 and 9% in the past 12 months

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