The given line graph provides information about prices of housing on average, measured in thousands of dollars, in four cities in Australia from 2004 to 2014.
Overall, it is clear that while all cities experienced an upward trend over the period, Sydney was the area that consistently recorded the highest housing costs.
Looking at the graph in detail, in 2004, the average price of a house was roughly 550, 000 in Sydney, while the figures for Melbourne, Brisbane, and Perth were at least 200, 000 dollars lower, ranging from just below 300, 000 to 350, 000. Housing costs in Sydney, despite slightly dipping in 2012, bounced back quite quickly to reach almost 700, 000 in 2014. Similarly, the second most expensive market initially, Melbourne, also retained its position in 2014, with prices of houses averaging 550, 000 dollars, despite a drop in 2012.
The prices in Perth experienced the highest rate of growth from 2004 to 2006, reaching a 500, 000-dollar average. After this, the figure remained relatively stable throughout the ten years. Lastly, Brisbane’s housing market also saw little fluctuation with the smallest growth of about 100, 000 dollars by the end of the period.
The
given
line graph provides information about
prices
of housing on average, measured in thousands of
dollars
, in four cities in Australia from 2004 to 2014.
Overall
, it is
clear
that while all cities experienced an upward trend over the period, Sydney was the area that
consistently
recorded the highest housing costs.
Looking at the graph in detail, in 2004, the average
price
of a
house
was roughly 550, 000 in Sydney, while the figures for Melbourne, Brisbane, and Perth were at least 200, 000
dollars
lower, ranging from
just
below 300, 000 to 350, 000. Housing costs in Sydney, despite
slightly
dipping in 2012, bounced back quite
quickly
to reach almost 700, 000 in 2014.
Similarly
, the second most expensive market
initially
, Melbourne,
also
retained its position in 2014, with
prices
of
houses
averaging 550, 000
dollars
, despite a drop in 2012.
The
prices
in Perth experienced the highest rate of growth from 2004 to 2006, reaching a 500,
000-dollar
average. After this, the figure remained
relatively
stable throughout the ten years.
Lastly
, Brisbane’s housing market
also
saw
little
fluctuation with the smallest growth of about 100, 000
dollars
by the
end
of the period.