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A visual representation of what has been happening to median house prices all over the country over the last 15 years.

Melbourne’s median house price jumped 126% in the 15 years to December 2020. By contrast, Perth had the slowest house price growth of the eight capitals, at 54%.

Thanks to its strong growth, Melbourne changed from being the fourth-most expensive house market in 2005 to the third-most in 2020.

Sydney and Canberra topped the house price rankings in both 2005 and 2020.

The big movers were Hobart, which climbed from 8th to 5th, and Perth, which fell from 3rd to 6th. The other capitals experienced either no change or minor change.

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