Australian National Median House Price in Bitcoin
How many Bitcoin does it cost to buy the median Australian capital-city dwelling? In Q1 2014 it took about 1,099 BTC. At the BTC price on 8 October 2026 it takes about 7.47 BTC, a 99.3 percent decline. CoreLogic quarterly medians divided by the real BTC AUD price at each quarter-end, refreshed automatically.
Chart
Australian combined-capital-cities median dwelling price (CoreLogic 8-capital aggregate) divided by BTC AUD spot at each quarter-end. Logarithmic Y-axis. Quarterly from Q1 2014, plus a provisional latest point at today's BTC price.
What the chart shows
The ratio (AU combined-capital median dwelling AUD) / (BTC AUD close at quarter-end), quarterly from Q1 2014 to Q2 2026 on a logarithmic Y-axis, plus a provisional point at today's BTC price. The national aggregate averages out individual-capital quirks. Its shape mirrors Sydney and Melbourne: a steep fall from about 1,099 to about 40.1 BTC by Q4 2017, a 2018-2020 range of about 18.3 to 126 BTC, a second fall to about 5.41 BTC by Q4 2024, and a rebound as BTC corrected from late 2025. Today's figure (about 7.47 BTC) sits between Sydney's (11.5 BTC) and Melbourne's (7.29 BTC), reflecting the population-weighted aggregate.
The denomination thesis applied nationally
| Date | AU median (AUD) | BTC AUD close | AU median in BTC |
|---|---|---|---|
| Q1 2014 | $540,000 | $491 | 1,099 BTC |
| Q4 2017 | $715,000 | $17,809 | 40.1 BTC |
| Q4 2018 | $660,000 | $5,242 | 126 BTC |
| Q2 2020 | $670,000 | $13,290 | 50.4 BTC |
| Q4 2021 | $840,000 | $63,744 | 13.2 BTC |
| Q1 2023 | $755,000 | $42,394 | 17.8 BTC |
| Q4 2024 | $820,000 | $151,470 | 5.41 BTC |
| Q2 2026* | $883,000 | $84,675 | 10.4 BTC |
* Estimate: the last CoreLogic median extended by ABS mean dwelling price growth for Australia.
Why Australian investors care
- National-aggregate framing. A single ratio for the AU residential market avoids capital-city-specific noise and matches the framing used in RBA / Treasury / CoreLogic national property commentary. Useful for high-level asset-allocation discussions where you don't want to argue about which capital city to buy in.
- Pension and SMSF reference. Most Australian retirement planning assumes property + super + a smaller crypto allocation. The BTC-denominated national property line shows what 'safe' Australian property has done versus the global hardest-supply asset over the twelve-year window. SMSF trustees can use the chart for long-horizon allocation review.
- Housing affordability reframe. Mainstream AU discourse measures housing affordability in years-of-median-income or loan-to-income ratios. The BTC denomination adds a different perspective: how many BTC, today, buys the median Australian capital-city dwelling? The answer (about 7.47 BTC at today's price, against a median of about $883K) bypasses the AUD-debasement narrative entirely.
- Wealth-preservation comparison. From Q1 2014 to Q2 2026 the median Australian capital-city dwelling delivered a 1.64x AUD return before carry costs. Over the same window the BTC AUD price rose about 241x. The hard-money lens is not the only one that matters (Australians live in AUD), but it is the cleanest single comparison of two scarce-but-different asset classes over a full adoption cycle.
Methodology
- AU national property source. CoreLogic Home Value Index 8-capital aggregate (Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart, Darwin, Canberra), dwelling-price median, quarterly from Q1 2014 to Q1 2026. Later quarters are extended by the quarterly growth in the ABS mean dwelling price for Australia (free ABS data API) and marked as estimates. Values rounded to the nearest thousand.
- BTC AUD source. The real BTC AUD close on each quarter-end date from the SatoshiMacro BTC AUD daily dataset. The latest point divides the most recent quarterly value by today's close.
- Ratio calculation. AU median AUD divided by BTC AUD close for each quarter-end. Output rounded to 0.0001 BTC.
- Refresh and fallback. The BTC side refreshes twice a day (07:30 and 13:30 Sydney) and the site rebuilds when the data changes. The last good snapshot in assets/data/wave7.json keeps the chart rendering if any upstream is unreachable.
Related tools
- Sydney median house price in BTC - the harbour-capital component.
- Melbourne median house price in BTC - the southern-capital component.
- ASX 200 priced in BTC - the equity-index counterpart.
- Gold ounces per BTC - the precious-metals counterpart.
- Bitcoin log regression (AUD) - the BTC-AUD fair-value reference.
Frequently asked questions
The Australian combined-capital-cities median dwelling price (CoreLogic 8-capital aggregate) divided by the BTC AUD price at each quarter-end. In Q1 2014 the ratio was about 1,099 BTC; by Q4 2017 it had fallen to about 40.1 BTC; in Q2 2026 it was about 10.4 BTC, and at today's BTC price it is about 7.47 BTC. The Y-axis is logarithmic to show the multi-cycle range. Falling line = Bitcoin outperforms the AU national property index; rising line = AU national property outperforms Bitcoin.
The 8-capital aggregate is the standard national benchmark for Australian residential property performance, published by CoreLogic and widely cited in RBA and Treasury analysis. Using the aggregate avoids capital-city-specific quirks (Sydney's stamp-duty cliff, Melbourne's land-tax shift, Perth's resource-cycle exposure) and produces a single number that maps to Australian residential property as an asset class. Pair this chart with the Sydney and Melbourne single-city charts for capital-specific context.
They show the same dominant pattern. National property priced in BTC has fallen 99.3 percent since Q1 2014. Gold priced the other way round went from 0.37 troy ounces per BTC in 2014 to about 19.7 ounces today. The ASX 200 in BTC tells a similar story. That BTC outperformed structurally different asset classes by a similar magnitude is the dominant signal: its supply discipline has compounded faster than every Australian-resident hard-asset alternative since 2014, with deep drawdowns along the way.
It depends on whether BTC keeps outpacing AUD-denominated assets. The decline since 2014 reflects a roughly 241x rise in the BTC AUD price while the national property index rose about 1.64x in AUD. The path is not one-way: the ratio rises whenever BTC falls faster than property, as in 2018 and from late 2025. Structural argument: Bitcoin has algorithmic supply discipline; Australian residential property supply is constrained by zoning and skilled labour, but not algorithmically capped. If the supply asymmetry persists, the long-run ratio probably keeps declining; if BTC matures and the supply premium compresses, it stabilises.
Three real-world factors that the raw price-ratio chart strips out. (1) Yield: Australian residential yields net of strata, council, maintenance, vacancy and agent fees average about 1.5-2.5 percent. Bitcoin generates no yield directly. (2) Leverage: Australian residential property is typically held with 70-80 percent LVR mortgage debt, magnifying both upside and downside. (3) Tax: an Australian main residence is generally CGT-free, while BTC held more than 12 months gets a 50 percent CGT discount. The chart shows raw price ratios; full portfolio analysis layers these on.
CoreLogic Home Value Index quarterly median anchors for the 8-capital aggregate from Q1 2014 to Q1 2026, extended each later quarter by the growth in the ABS mean dwelling price for Australia as a whole (free ABS data API) and marked as estimates. Each quarter is divided by the real BTC AUD close on the quarter-end date from the SatoshiMacro BTC AUD daily dataset (Bitstamp BTC/USD converted at the daily AUDUSD rate, with Kraken's native BTC/AUD for recent years). The latest point divides the most recent quarterly value by today's BTC price. The data refreshes automatically twice a day.
About the author
