Australia · Oceania · Population: 1,400,000
Adelaide is moderately affordable compared to major global cities, with rapidly rising prices driven by strong demand. The city has above-average rental costs. At $550,000 average home price in Australia, buyers should consider the 7.5x price-to-income ratio when planning a purchase.
| Average Home Price | $550,000 |
| Price per sqm | $5,800 |
| Price-to-Income Ratio | 7.5x |
| Mortgage Rate | 6.2% |
| 1-Year Price Change | +9.5% |
| 1-Bedroom Apartment | $1,600/mo |
| 3-Bedroom Apartment | $2,400/mo |
| Rent-to-Income Ratio | 22% |
| Median Household Income | $73,000/year |
| Years to Buy (at median income) | 7.5 years |
| Local Currency | AUD |
With a price-to-income ratio of 7.5x, Adelaide offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 9.5% in the past year.
Cities worldwide with home prices closest to Adelaide
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