{"id":26683,"date":"2020-08-11T10:34:10","date_gmt":"2020-08-10T22:34:10","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26683"},"modified":"2020-08-11T10:34:10","modified_gmt":"2020-08-10T22:34:10","slug":"what-australias-median-house-price-gets-you-around-the-country","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/what-australias-median-house-price-gets-you-around-the-country\/","title":{"rendered":"What Australia\u2019s median house price gets you around the country"},"content":{"rendered":"

PHOTO: A three-bedroom property at 2 Hill Avenue Cumberland Park, Adelaide, is listed for sale for $785,000 to $815,000.<\/strong><\/p>\n

Buyers are getting more bang for their buck as property prices fall across the country, but just how far your budget can stretch still varies drastically from city to city.<\/p>\n

House prices dropped\u00a02 per cent across Australia\u2019s capital cities\u00a0to a median of $804,602 amid the coronavirus pandemic, according to the latest quarterly\u00a0Domain House Price Report.\u00a0<\/i><\/p>\n

Darwin, Perth and Hobart were the most affordable markets, all priced at less than half the cost of Sydney\u2019s median house price of\u00a0$1,143,012.<\/p>\n

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While the pandemic had virtually brought interstate migration to a standstill, Hobart had been seeing strong interest from the mainland \u2013 from both investors and owner-occupiers looking to relocate \u2013 for several years, said\u00a0Rob Henry\u00a0director of\u00a0Harcourts Hobart.<\/p>\n

\u201cIts affordability [is the big drawcard],\u201d said Mr Henry. \u201cThere\u2019s also less traffic, which makes it easy to get around. The population is much lower so there isn\u2019t the intense environment that they get in Melbourne and Sydney, it\u2019s more relaxed \u2026 and people feel very safe, especially at the moment.\u201d<\/p>\n

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