Buyers are getting more bang for their buck as property prices fall across the country, but just how far your budget can stretch still varies drastically from city to city.
House prices dropped 2 per cent across Australia’s capital cities to a median of $804,602 amid the coronavirus pandemic, according to the latest quarterly Domain House Price Report.
Darwin, Perth and Hobart were the most affordable markets, all priced at less than half the cost of Sydney’s median house price of $1,143,012.