The housing market is showing signs of slowing down in Australia and in some areas are actually falling. In Western Australia, house prices have dropped by more than 3% due to economic instability which is shaping local confidence, particularly in the mining sector and in the Northern Territory house prices have also fallen by 5% due to a weakening demand.
House prices which in recent years have been rising at unsustainable levels are now thought to be overpriced by as much as 30% with the five major metropolitan areas rated as severely unaffordable for many people.
Median house prices in the states and territories are as follows:
Melbourne - A$707,415
Adelaide - A$485,873
Sydney - A$1,032.433
Brisbane - A$497,143
Perth - A$589,100
Hobart - A$346,370
Canberra - A$625,092
Darwin - A$639,042
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18/05/2026
The Department of Home Affairs has released the nominations approved by Australia's state and territory governments for April 2026.
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12/05/2026
The Australian government has left the 2026/2027 permanent migration program planning level at 185,000 places comprising of 70% for skilled workers and 30% for family applicants.
23/11/2025
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