Typical Australian Home Property Valuation

It's difficult to pinpoint a single "typical" value for Australian homes due to the vast differences in location, property type, size, and features. However, here's some information to help you understand the Australian housing market and estimate a possible range for a typical property:

National Average:

According to the Australian Bureau of Statistics (ABS), as of December 2023, the national average house price in Australia was $933,800. It's important to remember that this is just an average and doesn't reflect the significant variations across the country.
Factors Affecting Valuation:

Location: Property prices can vary dramatically depending on the city, suburb, and even street. Major cities like Sydney and Melbourne will have much higher average prices compared to regional areas.
Property Type: Detached houses generally cost more than apartments or units. The size and number of bedrooms and bathrooms also significantly impact value.
Land Size: A larger block of land typically increases the property's value, especially in densely populated areas.
Property Condition: A modern, well-maintained property will be worth more than one requiring renovations.
Amenities: Proximity to desirable amenities like schools, parks, public transport, or waterfront views can significantly increase value.
Contact Us
Phone 1300 728 157
Mike Wilczynski
hello@smsfpropertyvaluations.com.au
Level 2, 70 Hindmarsh Square, Adelaide 5000, Australia