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  • 02 Sep 2015

House Prices Tripled In Last 20 Years

It seems a lot has happened in the last 20 years in Australian real estate. Median house prices have more than tripled and while all the focus of late has been on the southern markets, they weren’t the best performers.

According to figures released by realestate.com.au to celebrate its 20th birthday, the national media house price in 1995 was $129,800 - now it is $475,000.

With its sought-after lifestyle, stunning beaches and breathtaking outdoor activities, Western Australia was the best performer with its median up fivefold from $98,500 in 1995 to $495,000 in 2015.

Victoria’s median went up 4.1 times and South Australia’s median was now four times higher.

In the Northern Territory the median was now 3.6 times higher, in New South Wales it was 3.5 times higher and in Tasmania 3.3 times higher.

The most popular suburb in 1995 was Port Macquarie, 385km from the Sydney CBD! By 2015, the most popular sellers’ market, where most buyers were looking, was Freshwater, about 17km from the Sydney CBD.

MOST POPULAR SUBURBS 1995

NATIONAL – Port Macquarie (NSW)

ACT – Ngunnawal

NSW – Port Macquarie

NT – Bakewell

QLD – Surfers Paradise

SA – Mount Gambier

TAS – Devonport

VIC – South Yarra

WA – Thornlie

TOP SELLERS MARKETS 2015

NATIONAL – Freshwater (NSW)

ACT – Palmerston

NSW – Freshwater

NT – Wulagi

QLD – Holland Park

SA – Unley

TAS – Hobart

VIC – Albert Park

WA – Shenton Park

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