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Median house prices: AI v reality

Median house prices: AI v reality

A recent dive into median house prices across Australia’s capital cities has compared what AI believes you can afford versus the reality. The disconnect is pretty major.

Money.com.au shared its discovery. The organisation used generative AI program Midjourney to enter median house prices across Australian capitals and asked the software to generate what a ‘typical’ home would look like. Compared to reality, the results were shocking.

Below are the results for some of the major cities that AI believes to be a standard house based on median house prices.

Sydney:

Melbourne:

Brisbane:

md discover

The homes provided by Midjourney are jaw-dropping. However, when compared with reality, we’re painted a different picture. Below are the real median-valued properties in the same areas.

Sydney:

Melbourne:

Brisbane:

“From waterfront mansions to charming cottages and historical homes, AI has a wild imagination when it comes to what it thinks you could buy in each capital city for the median price,” said Money.com.au finance expert Sean Callery.

“AI tools are incredibly advanced in many respects, but clearly comprehending the price of Australian property is a bridge too far right now. An average buyer could only dream of buying one of these homes.”

Related: Record high of million-dollar suburbs in Australia

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