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Least expensive: Hobart - Hobart was is the least expensive place to buy a home among Australian cities.

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$437,254 - The median price of a home in Hobart is $437,254.

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Largest increase in price: 10.7% - Hobart had the largest increase in home prices during a one year period among cities, rising 10.7%, but is still the least expensive city to buy a home.

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Highest rate of return: Hobart, 16.2% - Hobart also had the highest rate of return for selling homes at 16.2%.

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7. Adelaide - Adelaide is the seventh-most expensive city to buy a home in Australia.

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$438,466 - The median price of a home in Adelaide is $438,466.

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Prices marginally rising at 1% - Home prices rose by 1% over the past year and by 0.3% in August.

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6. Darwin - Darwin is the sixth-most expensive city to buy a home in Australia.

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$439,718 - The median price of a home in Darwin is $439,718.

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Prices down -4% from last year - The cost of a home has fallen by -4% over the past year but rose by 0.1% in August.

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5. Perth - Perth is the fifth-most expensive city to buy a home in Australia.

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$454,007 - The median price of a home in Perth is $454,007.

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Prices down -2.1% from last year - The cost of a home in Perth is down -2.1% from last year and down -0.6% in August.

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4. Brisbane - Brisbane is in the middle of the pack, as the fourth-most expensive city in Australia.

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$493,922 - The median price of a home in Brisbane is $493,922.

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Prices slightly up from last year by 0.9% - The cost of home ownership in Brisbane has nudged up by 0.9% over the past year but was down by -0.2% in August.

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3. Canberra - Canberra is the third-most expensive city to buy a home.

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$593,886 - The average cost of a home in Canberra is $593,886.

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Modest increase in prices at 2.3% - Prices were up by 2.3% over the past year and up 0.5% in August.

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Second-highest rate of return at 6.9% - Canberra had the second-highest rate of return for selling homes at 6.9%.

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2. Melbourne - Melbourne is the second-most expensive city in Australia.

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$703,183 - The median price of a home in Melbourne is $703,183.

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Most expensive: Sydney - Sydney is the most expensive city in Australia, surprising no one.

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$855,287 - The median price for a home in Sydney is $855,287.

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Lowest rate of return at -2.7% - People in Sydney are actually losing money on the homes they sell, with a rate of return at -2.7%.

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5 Capital cities: $646,020 - The median price for a home in an Australian capital city is $646,020.

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Reigonal: $368,336 - Outside of the big cities, the median price of a home is $368,336.

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National: $552,141 - The average price of a home in Australia is $552,141.

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Melbourne inner east lost -6.1% - The homes in the inner east area of Melbourne lost -6.1% of their value.

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Central Queensland lost -7.7% - The homes in Central Queensland lost -7.7% of their value.

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Sydney - Ryde is the biggest loser at -9.4% - The homes in the Sydney suburb of Ryde lost more than any other region in Australia, losing -9.4% of their value.

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Biggest gain in Geelong, Victoria at 11.8% - The biggest gain in value of any region in Australia was Geelong, Victoria, with the town's homes increasing by 11.8% in a one year period.

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