Graph and download economic data for Real Residential Property Prices for Australia (QAUR628BIS) from Q1 1970 to Q3 2024 about Australia, residential, HPI, housing, real, price index, indexes, and price.

Australia’s real house price index reached 122.9 in the third quarter of 2024, continuing the upward trend since the second quarter of 2023. House prices fluctuated over the reported period compared to the base year of 2015, experiencing a sharp increase throughout 2021, with the country’s house price index peaking in the first quarter of 2022 at 130.9. Prospective homeowners priced out of the market Recent house price increases reflect the ongoing challenges of housing affordability in Australia. Property prices largely outpace income growth, reigniting discussions about whether the country is stuck in a property bubble, a topic that has been debated for over a decade. The country’s house price-to-income ratio exceeded 122 in the third quarter of 2024, the highest ratio recorded over the past five years, making it increasingly difficult to get on the property ladder. Unaffordable rental conditions Australia’s rental market has also seen challenges, with the rent price index continuing to climb throughout 2024, making the prospect of renting less appealing. As of September 2024, the average weekly house rent price in Sydney stood at 775 Australian dollars, the highest across the country’s major cities. Canberra, Darwin, and Perth were the next most expensive markets for house rents, while Hobart was the most affordable capital city for both house and unit rent prices.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2023. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 117.5 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Key information about Australia Real Residential Property Price Index Growth

• Australia Real Residential Property Price Index Growth was reported at 4.236 % in Sep 2024.
• This records a decrease from the previous number of 4.821 % for Jun 2024.
• Australia Real Residential Property Price Index Growth data is updated quarterly, averaging 2.459 % from Mar 1971 to Sep 2024, with 215 observations.
• The data reached an all-time high of 28.785 % in Mar 1989 and a record low of -12.290 % in Mar 2023.
• Australia Real Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

Key information about Australia Nominal Residential Property Price Index

• Australia Nominal Residential Property Price Index was reported at 194.344 2010=100 in Sep 2024.
• This records an increase from the previous number of 192.070 2010=100 for Jun 2024.
• Australia Nominal Residential Property Price Index data is updated quarterly, averaging 32.952 2010=100 from Mar 1970 to Sep 2024, with 219 observations.
• The data reached an all-time high of 194.344 2010=100 in Sep 2024 and a record low of 3.127 2010=100 in Mar 1970.
• Australia Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

Australia Standardised Price-Income Ratio: sa data was reported at 148.954 Ratio in Dec 2024. This records a decrease from the previous number of 151.643 Ratio for Sep 2024. Australia Standardised Price-Income Ratio: sa data is updated quarterly, averaging 82.658 Ratio from Mar 1970 (Median) to Dec 2024, with 220 observations. The data reached an all-time high of 152.504 Ratio in Jun 2024 and a record low of 62.564 Ratio in Sep 1983. Australia Standardised Price-Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

Australia real estate market size reached US$ 130 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 176 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032. The market is mainly driven by the rising population growth, economic stability and low interest rates on property purchase. Sustainable buildings, mixed-use developments and increased preference for online site visits and virtual tours are further contributing to the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2024-2032. Our report has categorized the market based on property, business, and mode.

Housing Index in Switzerland decreased to 195.13 points in the fourth quarter of 2024 from 195.53 points in the third quarter of 2024. This dataset provides - Switzerland House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Australia Nominal Residential Property Price Index Growth

• Australia Nominal Residential Property Price Index Growth was reported at 7.163 % in Sep 2024.
• This records a decrease from the previous number of 8.820 % for Jun 2024.
• Australia Nominal Residential Property Price Index Growth data is updated quarterly, averaging 7.476 % from Mar 1971 to Sep 2024, with 215 observations.
• The data reached an all-time high of 37.566 % in Mar 1989 and a record low of -7.418 % in Jun 2019.
• Australia Nominal Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

Colombia New House Price Index: Apartment: Pasto AU data was reported at 158.110 Dec2020=100 in Dec 2024. This records an increase from the previous number of 149.180 Dec2020=100 for Sep 2024. Colombia New House Price Index: Apartment: Pasto AU data is updated quarterly, averaging 96.535 Dec2020=100 from Mar 2016 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 158.110 Dec2020=100 in Dec 2024 and a record low of 62.330 Dec2020=100 in Jun 2016. Colombia New House Price Index: Apartment: Pasto AU data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.EB007: New House Price Index: by Type and City: Dec2020=100.

In 2024, one square meter of greenfield land cost an average of 1,617 Australian dollars in Sydney, marking an increase of over 100 Australian dollars from the previous year. Sydney has one of the highest land price rates for greenfield development in Australia.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Australia (AUSCPGRLH01IXOBQ) from Q1 1996 to Q4 2023 about Australia, services, CPI, price index, indexes, and price.

This dataset presents the Rental Affordability Index (RAI) for all dwellings. The data uses a single median income value for all of Australia (enabling comparisons across regions), and spans the quarters Q1 2011 to Q2 2021. The RAI covers all states with available data, the Northern Territory does not form part of this dataset. National Shelter, Bendigo Bank, The Brotherhood of St Laurence, and SGS Economics and Planning have released the RentalAffordability Index (RAI) on a biannual basis since 2015. Since 2019, the RAI has been released annually. It is generally accepted that if housing costs exceed 30% of a low-income household's gross income, the household is experiencing housing stress (30/40 rule). That is, housing is unaffordable and housing costs consume a disproportionately high amount of household income. The RAI uses the 30 per cent of income rule. Rental affordability is calculated using the following equation, where 'qualifying income' refers to the household income required to pay rent where rent is equal to 30% of income: RAI = (Median income ∕ Qualifying Income) x 100 In the RAI, households who are paying 30% of income on rent have a score of 100, indicating that these households are at the critical threshold for housing stress. A score of 100 or less indicates that households would pay more than 30% of income to access a rental dwelling, meaning they are at risk of experiencing housing stress. For more information on the Rental Affordability Index please refer to SGS Economics and Planning. The RAI is a price index for housing rental markets. It is a clear and concise indicator of rental affordability relative to household incomes, applied to geographic areas across Australia. AURIN has spatially enabled the original data using geometries provided by SGS Economics and Planning. Values of 'NA' in the original data have been set to NULL.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Australia (AUSCP040100IXOBQ) from Q3 1972 to Q4 2024 about water, fuels, Australia, electricity, rent, gas, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Australia (AUSCP040000IXOBQ) from Q3 1972 to Q4 2024 about water, fuels, Australia, electricity, gas, CPI, price index, indexes, and price.

Australia Consumer Price Index (CPI): Housing: Rents data was reported at 203.800 1989-1990=100 in Jun 2012. This records an increase from the previous number of 201.500 1989-1990=100 for Mar 2012. Australia Consumer Price Index (CPI): Housing: Rents data is updated quarterly, averaging 107.000 1989-1990=100 from Sep 1972 (Median) to Jun 2012, with 160 observations. The data reached an all-time high of 203.800 1989-1990=100 in Jun 2012 and a record low of 19.400 1989-1990=100 in Sep 1972. Australia Consumer Price Index (CPI): Housing: Rents data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I008: Consumer Price Index: 1989-90=100.

Colombia New House Price Index: Manizales AU data was reported at 144.090 Dec2014=100 in Mar 2019. This records an increase from the previous number of 141.190 Dec2014=100 for Dec 2018. Colombia New House Price Index: Manizales AU data is updated quarterly, averaging 117.965 Dec2014=100 from Dec 2014 (Median) to Mar 2019, with 18 observations. The data reached an all-time high of 144.090 Dec2014=100 in Mar 2019 and a record low of 100.000 Dec2014=100 in Dec 2014. Colombia New House Price Index: Manizales AU data remains active status in CEIC and is reported by National Statistics Administrative Department. The data is categorized under Global Database’s Colombia – Table CO.EB004: New House Price Index: by Urban and Metropolitan Area: Dec2014=100.

Australia Consumer Price Index (CPI): Hobart: Housing: Other: Property Rates & Charges data was reported at 169.000 2011-2012=100 in Dec 2024. This stayed constant from the previous number of 169.000 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Hobart: Housing: Other: Property Rates & Charges data is updated quarterly, averaging 100.000 2011-2012=100 from Jun 1998 (Median) to Dec 2024, with 107 observations. The data reached an all-time high of 169.000 2011-2012=100 in Dec 2024 and a record low of 48.500 2011-2012=100 in Jun 1998. Australia Consumer Price Index (CPI): Hobart: Housing: Other: Property Rates & Charges data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Australia Consumer Price Index (CPI): Sydney: Housing: Rents: Rents data was reported at 136.000 2011-2012=100 in Dec 2024. This records an increase from the previous number of 135.100 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Sydney: Housing: Rents: Rents data is updated quarterly, averaging 60.600 2011-2012=100 from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 136.000 2011-2012=100 in Dec 2024 and a record low of 8.500 2011-2012=100 in Sep 1972. Australia Consumer Price Index (CPI): Sydney: Housing: Rents: Rents data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Australia PPI: Output: Rental, Hiring & Real Estate Services: Non Residential Property Operators data was reported at 134.500 2011-2012=100 in Dec 2024. This records an increase from the previous number of 133.400 2011-2012=100 for Sep 2024. Australia PPI: Output: Rental, Hiring & Real Estate Services: Non Residential Property Operators data is updated quarterly, averaging 99.250 2011-2012=100 from Mar 1996 (Median) to Dec 2024, with 116 observations. The data reached an all-time high of 134.500 2011-2012=100 in Dec 2024 and a record low of 60.000 2011-2012=100 in Mar 1996. Australia PPI: Output: Rental, Hiring & Real Estate Services: Non Residential Property Operators data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I032: Producer Price Index: 2011-12=100: ANZSIC 2006: Services Industries.