Explore Global Equivalents of Australia’s Median House Price

The median house price in Australia provides a benchmark for real estate buyers around the world. Buyers with a budget equivalent to this median can find interesting properties in several major global cities. Here’s a look at some notable options.

Exploring Global Equivalents of Australia’s Median House Price

New York City, USA

New York City’s property market is known for its competitiveness. For those looking to invest $1.2 million, options include:

• A three-bedroom house in Flatbush, Brooklyn, featuring subway access to Manhattan.
• A $1.27 million one-bedroom apartment in Midtown East, offering a renovated kitchen, marble bathroom, and generous storage space.

Toronto, Canada

Toronto’s real estate market has cooled due to rising interest rates. This creates opportunities for buyers with around $1.2 million:

• A stylish two-bedroom, two-storey condo in King West, boasting high ceilings and close proximity to parks and the waterfront for $1.2 million.
• A four-bedroom house in Toronto’s west end for $1.3 million, which has been in the same family for nearly fifty years and functions as two self-contained units.

Christchurch, New Zealand

After some fluctuations, New Zealand’s housing prices have stabilized. Potential buyers can find attractive options like:

• A three-bedroom beach house in Sumner for $929,000, just a short drive from Christchurch’s CBD.

Zapallar, Chile

Zapallar, known as the “Hamptons of Chile,” offers a stunning beach house for $756,000. Features include:

• Four bedrooms, high ceilings, a garden, and proximity to beaches.

Nagano, Japan

For snow enthusiasts, Nagano offers a two-bedroom property priced at $916,000. Highlights include:

• A terrace with views and a fireplace, located in the cool Alpine resort town of Karuizawa, just an hour from Tokyo.

Paris, France

In Paris, purchasing a compact home is possible for around $1 million. Property details include:

• A one-bedroom apartment in the 9th arrondissement, spanning 39 square meters and fully renovated by an architect.

Lisbon, Portugal

As Lisbon continues to attract international buyers, the real estate market remains vibrant. Options include:

• A two-bedroom duplex in the Estrela district for about $1.28 million, featuring a beautiful terrace designed by a local artist.

In conclusion, while the Australian median house price sets a standard, global markets offer diverse and appealing choices for homebuyers around the world.