Money Property What a median-price budget will buy in Australia’s capital cities Updated:

What a median-price budget will buy in Australia’s capital cities

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Across Australia, median house prices in the state and territory capital cities range from a high of $878,325 in Sydney to just under half that ($423,468) in Hobart.

Real estate markets have come off the boil in most of Australia’s capital cities in recent months, following a red-hot 2017. The exceptions are Hobart (still our cheapest capital city but maybe not for much longer if its record growth continues), Brisbane and Darwin.

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To state the obvious, the median price is the middle of a range from highest to lowest. So what does that buy in each of our capital cities? Here’s a selection of some of the best on the market.

Sydney

Median price, March 2018: $878,325

You won’t be looking close to the CBD if you want a house around this price. But head further west or south-west and there are choices within greater Sydney.

14 Huntingdale Avenue, Lansvale

4 beds, 2 baths, 2 cars

$900,000-$950,000

This well-presented four-bedder on 601 square metres has lots of room for your cars. It is close to the Liverpool and Cabramatta CBDs as well as Chipping Norton Lake. Sydney CBD is 28 kilometres away.

3b Dorothy Street, Wentworthville

4 beds, 3 baths, 2 cars

$900,000-$950,000

This townhouse is close to Wentworthville and Pendle Hill train stations. It is slick and modern and has reverse-cycle air-conditioning throughout. It’s 27 kilometres from Sydney’s CBD.

Melbourne

Median price, March 2018: $720,881

5/9-11 Sutton Avenue, Altona North

3 beds, 2 baths, 2 cars

$740,000-$765,000

Handy to schools, transport and a vibrant local shopping centre, this townhouse has prime spot opposite a small park. Inside, it is bright and contemporary, with polished floorboards and a swish kitchen. The bedrooms (including the main with walk-in wardrobe and en suite) are upstairs.

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8 Goldborough Court, Frankston South

4 beds, 2 baths, 2 cars

$735,000-$785,000

This pleasant family home is on 736 square metres. It has a renovated kitchen, indoor and outdoor entertainment areas, and a well-zoned floor plan. Take the train from Frankston to Melbourne’s CBD, 55 kilometres north.

Brisbane

Median price, March 2018: $491,806

195 Plantain Road, Shailer Park

5 beds, 2 baths, 2 cars

$499,000

Shailer Park, in the Logan City, area is 27 kilometres from Brisbane’s CBD and is a bustling retail, employment and leisure area.

This house has a saltwater pool and is walking distance to the Logan Hyperdome shopping centre.

26 Beaudesert Road, Moorooka

3 beds, 1 bath, 1 car

Offers over $489,000

Only seven kilometres south of Brisbane’s CBD, this art deco rarity has many of its original features, including striking windows. It also has updated amenities, polished floors and lots of storage beneath.

Adelaide

Median price, March 2018: $434,629

22 Northbri Avenue, Salisbury East

4 beds, 2 baths, 6 cars

$450,000

About 20 kilometres north of Adelaide’s CBD, this family home was built in the mid-1960s but has been updated with an eye on entertainment.

Among other features, there’s a barbecue pavilion with hot and cold water, a dry cellar and automatic driveway gates.

Perth

Median price, March 2018: $464,736

220 Princess Road, Mount Helena

4 beds, 2 baths, 1 car

From $465,000

Mount Helena is 35 kilometres north-east of Perth’s CBD. This house is on a leafy 2032-square-metre block. The property has sheds and the house has a big patio from which you can watch the kids play on the level backyard.

Hobart

Median price, March 2018: $424,468

42 Forster Street, New Town

2 beds, 1 bath, 1 car

$450,000 range

Only four kilometres north of Hobart’s CBD, this 1920s charmer is on a small block of 255 square metres. The two-bedroom house is comfortable throughout, with a courtyard at the rear. It has opposite a new shopping complex and close to transport.

35 Warwick Street, Hobart

2 beds, 1 bath

Offers over $399,000

The CBD and North Hobart’s restaurant strip are walking distance from this 1900 weatherboard. The house’s features include leadlight doors and windows, polished floors and a small courtyard on its 182-square-metre block.

Darwin

Median price, March 2018: $429,048

46 Priest Circuit, Gray

3 beds, 1 bath, 2 cars

$425,000

Gray is in Palmerston, 23 kilometres south-east of Darwin’s CBD. This well-presented house has air-conditioning and is close to schools, shops and transport.