With the arrival of the cold snap, Sydney has been the hottest city on the continent, while Melbourne has the least expensive, with prices in the state’s capital topping $2 million.
And while Adelaide is still the most expensive city in the country, the median house price is $1.2 million, according to a recent report from the Australian Bureau of Statistics.
In a state that has long seen rising house prices and a large proportion of people living in apartments, the capital is the new hot spot for Sydney and Melbourne to make up for the recent cooling.
Here’s a look at the 10 most expensive cities in Australia.
Sydney, Sydney, Australia The cost of a home in Sydney has remained stable in recent years, while house prices in Melbourne have increased.
In 2012, the average house price in Sydney was $1,723,924, but in 2017 that number rose to $2,853,072, according a report from real estate website Zillow.
Meanwhile, in Melbourne, the price of a one-bedroom house is now $2.75 million, while the median price is now just $1 million.
Melbourne is also one of the fastest growing cities in the world, with population growth of 2.4 percent over the past year.
In 2017, Melbourne’s population increased by 2.5 percent, according the latest figures from the Office of National Statistics.
Melbourne, Melbourne, Australia According to the latest census data, Melbourne has been growing faster than any other Australian city.
In the past decade, the population of Melbourne has increased by nearly 6 percent, while total household debt has increased to $1 trillion, according Australian Bureau
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