The chart shows the nominal median house prices in each of the capital cities in March 1980 and March 2016 in Australia. It has been an enormous increase in house prices in all major cities like Sydney, Melbourne and Brisbane. In 1980 house prices were stable compared with prices in 2016.
Between 1980 and 2016, capital city home prices rose an average of 15 times in Sydney and 17 times in Melbourne. In overall, the housing affordability has been going down as the prices have been continuing to rise.
