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Remove items from your saved list<\/a> to add more.<\/p>\n AAA<\/p>\n The median house price across Australia\u2019s capital cities is now $1,276,413, Domain data released last week shows, which is enough in some neighbourhoods for a spacious family home \u2013 or a pied-a-terre in others.<\/p>\n A budget at that level could offer buyers a family home in Melbourne\u2019s north-east or a one-bedroom apartment in Sydney\u2019s Woolloomooloo. Here\u2019s what the median house price buys around the country.<\/p>\n Sydney\u2019s median house price is now just above $1.73 million, despite falling 3.3 per cent in the three months to June on Domain data, so to find a suburb where the typical home is available on a budget under $1.3 million might require some creativity.<\/p>\n The median house could be in reach in pockets of western Sydney such as Guildford West ($1,275,000), or Quakers Hill or Schofields (both $1.27 million). On the Central Coast, which the ABS counts as Greater Sydney, Green Point has a median of $1.275 million.<\/p>\n But buyers who look for a unit instead could expect to live in inner-city Woolloomooloo ($1,257,500), where a dramatic black-and-white one-bedroom apartment with exposed beam ceilings on Finger Wharf sold for $1,265,000 in February this year.<\/p>\n PPD Real Estate\u2019s Gavin Lewis, who handled the sale, said the neighbourhood was a good entry point for first home buyers, investors or regional residents looking for a Sydney bolthole.<\/p>\n He said buyers could expect to spend in the early $1 million range on a one-bedroom or late $1 millions or early $2 millions for a two-bedroom on Finger Wharf, but if they were looking at units in other parts of the suburb it would open up more options.<\/p>\n He thought it was an attractive location due to its easy access to the city and harbour.<\/p>\n Related Article \u201cWoolloomooloo can be a little bit overlooked. A lot of buyers will associate Woolloomooloo with huge apartments that trade in the $8 million range \u2026 not two-bedrooms with parking,\u201d he said.<\/p>\n \u201cIt can be a good opportunity.\u201d<\/p>\n Buyers might also consider units in Lindfield ($1,250,000), Narrabeen ($1,235,000) or Cronulla ($1,225,000).<\/p>\n Melbourne<\/p>\n Melbourne\u2019s median house price fell 3.1 per cent in the June quarter, but after a few years of trading sideways is now about $1.04 million \u2013 less than Sydney, Brisbane, Adelaide and Perth \u2013 meaning a budget of $1,276,000 would stretch beyond Melbourne\u2019s typical home.<\/p>\n For example, the median house price in leafy Lower Plenty in the city\u2019s north-east is $1.27 million, and a well-presented three-bedroom house there with custom cabinetry and oversized windows fetched $1.23 million in April.<\/p>\n The selling agent for 13 Glenauburn Road, Lucas Peressini of Morrison Kleeman Estate Agents, said buyers with a $1.3 million budget in the area could expect three to four bedrooms on about 700 to 1000 square metres of land near parks, shops and public transport.<\/p>\n \u201cIt is a family demographic, safe, well-located to good schools and main arterials,\u201d he said. \u201cWe do get a number of out-of-area buyers. People have identified the area as being something of value.\u201d<\/p>\n Related Article He said 13 Glenauburn Road was offered to the market for the first time since it was built, and was near a park and walking tracks. It sold in two weeks.<\/p>\n But there are also one-bedroom apartments for about $350,000 on offer, and a standout sale of $7.5 million a couple of years ago, he said.<\/p>\n \u201cLower Plenty is quite unassuming. People tend to stay in their homes.\u201d<\/p>\n Brisbane<\/p>\n Brisbane\u2019s median house price is now above $1.21 million after rising 16.4 per cent over the past year. The closest suburb to the combined capitals\u2019 median is Geebung in the northern suburbs, at $1,275,000, where a three-bedroom house sold earlier this year for $1.2 million.<\/p>\n The Queenslander-style property is set on 668 square metres of land and features a coastal palette, front verandah and two car spaces.<\/p>\n Brisbane buyers could also consider Nundah, Brighton and McDowall, which all have median house prices from $1,247,500 to $1,257,500.<\/p>\n Perth<\/p>\n In the WA capital, house prices have been booming, up 22.5 per cent over the past year to a median of just above $1.18 million, although the growth is starting to run out of steam.<\/p>\n Related Article North of the CBD, Yokine has a median house price of $1,275,000, on Domain data.<\/p>\n Avenue One Property Group\u2019s Peter Wildermoth described the neighbourhood as central to the CBD, transport and shopping, with a mix of older-style homes and new development that draws first home buyers looking for two-bedroom villas, as well as upgraders.<\/p>\n He handled the sale last week of a three-bedroom architecturally designed townhouse there for $1,231,000 after receiving three offers, and said buyers on a similar budget in the area could expect a three-bedroom strata property.<\/p>\n \u201cIt has always been a really good suburb. A lot of people who buy in the area, when they upgrade they like to stay in the area,\u201d he said.<\/p>\n Hobart<\/p>\n The median house price in Hobart is $818,557, so buyers there may be able to find more space for their money.<\/p>\n An updated 1920s house in Sandy Bay sold earlier this year for $1.25 million. It featured three bedrooms, a courtyard garden, Baltic pine floors and European kitchen appliances.<\/p>\n The median house price in Sandy Bay is $1.27 million.<\/p>\n Adelaide<\/p>\n Adelaide\u2019s median house price has jumped 16 per cent over the past year and is now about $1,125,000.<\/p>\n Above that, buyers with a budget of $1,267,500 could afford the median house in the seaside suburb of South Brighton in Adelaide\u2019s south.<\/p>\n A contemporary four-bedroom house in South Brighton with an open-plan living area and al fresco dining space fetched $1.2 million this month.<\/p>\n Canberra<\/p>\n The median house price in the nation\u2019s capital is $1,037,766, down 2.5 per cent in the past three months.<\/p>\n For those with more to spend, Hackett in the inner north has a median house price of $1,265,000.<\/p>\n A three-bedroom red brick house there on a 942-square-metre block sold for $1.27 million this month.<\/p>\n Save<\/p>\n You have reached your maximum number of saved items.<\/p>\n Remove items from your saved list<\/a> to add more.<\/p>\n![\"Property](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/a17913467a6c9d3c7601d5e26fc20a335e7c4c9a.jpeg\")
Property prices vary around the country.Eddie JimSydney<\/p>\n![\"Home](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/79d0cbd435794e9d6353157dbfc650e77b47fefa.jpeg\")
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<\/a><\/p>\n![\"Elizabeth](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/7b851c417d189a0af91b8e82d460bae6c0e27460.png\")
Elizabeth Redman<\/a> is the national property editor at The Age and The Sydney Morning Herald.Connect via X<\/a> or email<\/a>.From our partners<\/p>\n","protected":false},"excerpt":{"rendered":"Save You have reached your maximum number of saved items. Remove items from your saved list to add…\n","protected":false},"author":2,"featured_media":827717,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-827716","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/827716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=827716"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/827716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/827717"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=827716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=827716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=827716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}