This graph shows nominal median house prices in capital cities, states and territories in Australia between March 1980 and 2016. In March 1980, the prices of houses have been steady low compared to the prices in March 2016. The graph shows that in Sydney the houses are the most expensive from all other cities. In March 2016, the prices of houses in Canberra and Darwin were almost the same.
In overall, in March 2016 the house prices rocketed to nearly $1,000,000.