Australia · Oceania · Population: 2,500,000
Brisbane is moderately affordable compared to major global cities, with rapidly rising prices driven by strong demand. The city has above-average rental costs. At $620,000 average home price in Australia, buyers should consider the 8.5x price-to-income ratio when planning a purchase.
| Average Home Price | $620,000 |
| Price per sqm | $7,200 |
| Price-to-Income Ratio | 8.5x |
| Mortgage Rate | 6.2% |
| 1-Year Price Change | +8.5% |
| 1-Bedroom Apartment | $2,000/mo |
| 3-Bedroom Apartment | $3,000/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $73,000/year |
| Years to Buy (at median income) | 8.5 years |
| Local Currency | AUD |
With a price-to-income ratio of 8.5x, Brisbane requires significant savings to purchase property. At a mortgage rate of 6.2%, monthly payments could consume a large share of income. Home prices have increased 8.5% in the past year.
Cities worldwide with home prices closest to Brisbane
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