Median house prices: AI v reality

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:

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

Jack Campbell is the editor of Broker Daily. After graduating from the University of Wollongong in 2022, Jack began his journalistic career working on Broker Daily’s sister brand, HR Leader. In August 2023 he was made the news editor and worked alongside some talented journalists writing articles and recording podcasts.

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