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
Choose the best option for you:
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TSS 482 Visas
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09/01/2022
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18/12/2021
Parents frustrated by long processing delays are exploring alternative visa options to enable them to be with their children and grandchildren in Australia.
30/10/2021
Click on READ MORE to see if your nominated occupation features on the South Australia skills list.
Jane, I just wanted to thank you. My Dad was in a state of disbelief when I told him his visa had been granted. My brother had only just advised him that he probably would not be granted his visa in time and therefore we are all delighted with the outcome.
We would both like to thank you sincerely for everything you have done to make our move to Australia a reality. You have both been fantastic every step of the way and would not hesitate for a second to recommend you to our friends who wish to emigrate.