The average price of Australian residential property has risen over the past ten years, and in September 2024, it reached a new high of 985,900 Australian dollars. Nonetheless, property experts in Australia have indicated that the country has been in a property bubble over the past decade, with some believing the market will collapse sometime in the near future. Property prices started declining in 2022; however, a gradual upward trend was witnessed throughout 2023 and 2024. Australian capital city price differences While the national average residential property price has exhibited growth, individual capital cities display diverse trends, highlighting the complexity of Australia’s property market. Sydney maintains its position as the most expensive residential property market across Australia's capital cities, with a median property value of approximately 1.19 million Australian dollars as of December 2024. Brisbane has emerged as an increasingly pricey capital city for residential property, surpassing both Canberra and Melbourne in median housing values. Notably, Perth experienced the most significant annual increase in its average residential property value, with a 19.1 percent increase from December 2023, despite being a comparably more affordable market. Hobart and Darwin remain the most affordable capital cities for residential properties in the country. Is the homeownership dream out of reach? The rise in property values coincides with the expansion of Australia's housing stock. In the September quarter of 2024, the number of residential dwellings reached around 11.25 million, representing an increase of about 53,100 dwellings from the previous quarter. However, this growth in housing supply does not necessarily translate to increased affordability or accessibility for many Australians. The country’s house prices remain largely disproportional to income, leaving the majority of low and middle-income earners priced out of the market. Alongside this, hikes in mortgage interest rates have made taking out a loan increasingly unappealing for many potential property owners, and the share of mortgage holders at risk of mortgage repayment stress has continued to climb.

Key information about House Prices Growth

• Australia house prices grew 6.6% YoY in Sep 2024, following an increase of 6.7% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Sep 2004 to Sep 2024, with an average growth rate of 6.0%.
• House price data reached an all-time high of 24.1% in Dec 2021 and a record low of -6.1% in Mar 2019.

Sydney had the highest median house value compared to other capital cities in Australia as of December 2024, with a value of over 1.47 million Australian dollars. Brisbane similarly had relatively high average residential housing values, passing Canberra and Melbourne to top the pricing markets for real estate across the country alongside Sydney. Housing affordability in Australia Throughout 2024, the average price of residential dwellings recovered across Australia, with most capital cities breaking price records despite interest rate hikes. Rising house prices continue to be an issue for potential homeowners, with many low and middle-income earners priced out of the market. In the third quarter of 2024, Australia’s house price-to-income ratio reached new heights at 122.1 index points. With the share of household income spent on mortgage repayments increasing alongside the disparity in supply and demand, inflating construction costs, and low borrowing capacity, the homeownership dream has become an unattainable prospect for the average person in Australia. Does the rental market offer better prospects? Renting for prolonged periods has become inevitable for many Australians due to the country’s largely inaccessible property ladder. However, record low vacancy rates and rising median weekly house and unit rent prices within Australia’s rental market are making renting a less appealing prospect. In financial year 2024, households in the Greater Sydney metropolitan area reported spending around 30 percent of their household income on rent.

This dataset presents data on economy and industry available from the ABS Data by Region statistics. This release of Data by Region presents various data for 2011-2019 and Census of Population and Housing data for 2011 and 2016 and is based on the Local Government Area (LGA) 2019 boundaries. The dataset includes information in the following specified areas of economy and industry: Business Entries and Exists, Buildings Approvals, Residential Property Prices, Mean Household Net Worth, Patent and Trademark Applications, Insolvencies, Motor Vehicle Census, Tourist Accommodation Establishments, Agricultural Commodities, Gross Value of Agricultural Production and Industry of Employment.

Data by Region contains a standard set of data for each region type, depending on the availability of statistics for particular geographies. Data are sourced from a wide variety of collections, both ABS and non-ABS. When analysing these statistics, care needs to be taken as time periods, definitions, methodologies, scope and coverage can differ across collections. Where available, data have been presented as a time series - to enable users to assess changes over time. However, when looked at on a period to period basis, some series may sometimes appear volatile. When analysing the data, users are encouraged to consider the longer term behaviour of the series, where this extra information is available.

For more information please visit the Explanatory Notes.

AURIN has made the following changes to the original data:

• Spatially enabled the original data with the ABS Australian Statistical Geography Standard (ASGS) LGA 2019 dataset.

• Some data values in Data by Region have been randomly adjusted or suppressed to avoid the release of confidential details.

• Where data was not available, not available for publication, nil or rounded to zero in the original data, it has been set to null.

• Columns and rows that did not contain any values in the original data have been removed.

This dataset presents data on economy and industry available from the ABS Data by Region statistics. This release of Data by Region presents various data for 2011-2019 and Census of Population and Housing data for 2011 and 2016 and is based on the Statistical Area 4 (SA4) 2016 boundaries. The dataset includes information in the following specified areas of economy and industry: Business Entries and Exists, Buildings Approvals, Residential Property Prices, Mean Household Net Worth, Patent and Trademark Applications, Insolvencies, Motor Vehicle Census, Tourist Accommodation Establishments, Agricultural Commodities, Gross Value of Agricultural Production and Industry of Employment.

Data by Region contains a standard set of data for each region type, depending on the availability of statistics for particular geographies. Data are sourced from a wide variety of collections, both ABS and non-ABS. When analysing these statistics, care needs to be taken as time periods, definitions, methodologies, scope and coverage can differ across collections. Where available, data have been presented as a time series - to enable users to assess changes over time. However, when looked at on a period to period basis, some series may sometimes appear volatile. When analysing the data, users are encouraged to consider the longer term behaviour of the series, where this extra information is available.

For more information please visit the Explanatory Notes.

AURIN has made the following changes to the original data:

• Spatially enabled the original data with the ABS Australian Statistical Geography Standard (ASGS) SA4 2016 dataset.

• Some data values in Data by Region have been randomly adjusted or suppressed to avoid the release of confidential details.

• Where data was not available, not available for publication, nil or rounded to zero in the original data, it has been set to null.

• Columns and rows that did not contain any values in the original data have been removed.

In the third quarter of 2024, the house price-to-rent ratio in Australia was estimated at 130.4, marking a decrease from the same quarter of the previous year. An indicator of how strong the property market is, the house price-to-rent ratio was calculated by dividing nominal house prices by rent price indices. After reaching a peak in 2017, the price-to-rent ratio decreased each quarter until the third quarter of 2019. From then on, the house price-to-rent ratio continued to increase, reaching a high in the first quarter of 2022. Since the second quarter of 2022, the house price-to-rent ratio has started to trend downward. Is Australia in a property bubble? Many industry experts believe the country is in a property bubble, indicated by the rapid increase in Australian property market prices to the point that they are no longer relative to incomes and rents, followed by a decline. The house price-to-income ratio has been on an upward trend over the past two years, hitting 122.1 in the third quarter of 2024. Rental property demand In December 2024, the rental vacancy rate, which indicates how many properties are available for rent out of all the rental stock, was relatively high in Melbourne, Canberra, and Sydney. That year, the average weekly rent prices varied across the country depending on the city, with the highest average weekly rents for houses and units in Sydney and Canberra. Hobart, on the other hand, had the most affordable rental properties across Australia's capital cities.

This dataset presents data on economy and industry available from the ABS Data by Region statistics. This release of Data by Region presents various data for 2011-2019 and Census of Population and Housing data for 2011 and 2016 and is based on the Statistical Area 2 (SA2) 2016 boundaries. The dataset includes information in the following specified areas of economy and industry: Business Entries and Exists, Buildings Approvals, Residential Property Prices, Mean Household Net Worth, Patent and Trademark Applications, Insolvencies, Motor Vehicle Census, Tourist Accommodation Establishments, Agricultural Commodities, Gross Value of Agricultural Production and Industry of Employment.

Data by Region contains a standard set of data for each region type, depending on the availability of statistics for particular geographies. Data are sourced from a wide variety of collections, both ABS and non-ABS. When analysing these statistics, care needs to be taken as time periods, definitions, methodologies, scope and coverage can differ across collections. Where available, data have been presented as a time series - to enable users to assess changes over time. However, when looked at on a period to period basis, some series may sometimes appear volatile. When analysing the data, users are encouraged to consider the longer term behaviour of the series, where this extra information is available.

For more information please visit the Explanatory Notes.

AURIN has made the following changes to the original data:

• Spatially enabled the original data with the ABS Australian Statistical Geography Standard (ASGS) SA2 2016 dataset.

• Some data values in Data by Region have been randomly adjusted or suppressed to avoid the release of confidential details.

• Where data was not available, not available for publication, nil or rounded to zero in the original data, it has been set to null.

• Columns and rows that did not contain any values in the original data have been removed.

United States CPI U: sa: FB: AB: At Home: Wine data was reported at 170.416 1982-1984=100 in Jun 2018. This records an increase from the previous number of 169.274 1982-1984=100 for May 2018. United States CPI U: sa: FB: AB: At Home: Wine data is updated monthly, averaging 153.600 1982-1984=100 from Jan 1990 (Median) to Jun 2018, with 342 observations. The data reached an all-time high of 173.089 1982-1984=100 in Sep 2009 and a record low of 112.900 1982-1984=100 in Jan 1990. United States CPI U: sa: FB: AB: At Home: Wine data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I006: Consumer Price Index: Urban: sa.

Snapshot img

Acrylonitrile Butadiene Styrene (ABS) Market Size 2025-2029

The acrylonitrile butadiene styrene (abs) market size is forecast to increase by USD 5.5 billion at a CAGR of 4.3% between 2024 and 2029.

The market is experiencing significant growth, driven by the launch of new manufacturing plants and product innovations. These developments are expanding the market's reach and enhancing its application scope in various industries. However, disruptions in production facilities due to unforeseen circumstances pose a challenge to market growth. Despite these challenges, the market is expected to continue its upward trajectory, fueled by increasing demand for ABS in automotive, electrical and electronics, and construction industries. The report provides a comprehensive analysis of these trends and the market's future outlook, offering valuable insights for stakeholders and industry participants.

What will be the Size of the Acrylonitrile Butadiene Styrene (ABS) Market During the Forecast Period?

Request Free Sample

The market is a significant segment of the high-performance plastics industry, known for its versatility and wide applications in various sectors. ABS is extensively used In the production of building materials, water infrastructure, and durable goods, including shoe covers, pipe systems, and composite materials. In the realm of product design and material engineering, ABS plays a crucial role in creating innovative, lightweight, and eco-friendly solutions for industries such as medical supplies, automotive manufacturing, and consumer electronics. ABS is a popular choice for injection molding due to its excellent flow properties and ability to produce complex shapes with high precision.
Its compatibility with various manufacturing processes, including laser sintering and 3D printing, further expands its application scope. The market is driven by the increasing demand for sustainable materials and manufacturing processes, such as biodegradable plastics and circular economy principles. The shift towards mass customization,digital manufacturing, and personalized manufacturing is also fueling the growth of the ABS market. Innovation in material science continues to push the boundaries of ABS applications, with advancements in manufacturing automation, sustainable manufacturing, and industrial design. The integration of ABS in various industries, from plumbing supplies to industrial automation, underscores its significance as a key player In the engineering plastics market.

How is this Acrylonitrile Butadiene Styrene (ABS) Industry segmented and which is the largest segment?

The acrylonitrile butadiene styrene (abs) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  High-impact ABS
  Flame-retardant ABS
  General-purpose ABS
  Recycled ABS


Application

  Appliances
  Electrical and electronics
  Automotive
  Construction
  Others


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Product Insights

The high-impact abs segment is estimated to witness significant growth during the forecast period.

Acrylonitrile Butadiene Styrene (ABS) is a high-performance plastic widely used for its exceptional impact resistance and durability in various industries. Known for its mechanical strength and lightweight properties, ABS is an essential component in automotive applications, including bumper systems, head covers, and body panels. In addition, it is utilized in water systems, waste collector products, and electrical insulation. ABS offers superior resistance to chemicals and biodegradable materials, making it suitable for use in pipes, medical devices such as syringes, and even in 3D printing for creating complex components. Its long-lastingness and glossy finishes make it a popular choice for consumer goods, including toys, household appliances, and smart electronics.

ABS's versatility extends to industrial applications, such as In the aerospace industry for manufacturing lightweight and strong components and In the construction of roads and bridges. The material's cost-effectiveness and customization possibilities make it a preferred choice for various applications, from automotive parts to intricate designs in 3D printing. The ABS market faces regulatory scrutiny due to concerns regarding its potential health effects, such as heart disease and diabetes. However, advancements in technology, such as blue laser deposition and additive manufacturing, are driving the development of more sustainable and biodegradable ABS alternatives, contributing to the circular economy. ABS remains a

United States CPI U: FB: AB: At Home: Beer, Ale & Other Malt Beverages data was reported at 227.921 1982-1984=100 in Oct 2018. This records an increase from the previous number of 225.790 1982-1984=100 for Sep 2018. United States CPI U: FB: AB: At Home: Beer, Ale & Other Malt Beverages data is updated monthly, averaging 138.800 1982-1984=100 from Dec 1952 (Median) to Oct 2018, with 659 observations. The data reached an all-time high of 227.921 1982-1984=100 in Oct 2018 and a record low of 38.500 1982-1984=100 in Mar 1953. United States CPI U: FB: AB: At Home: Beer, Ale & Other Malt Beverages data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I002: Consumer Price Index: Urban.

Market Analysis for ABS Rods The global ABS (Acrylonitrile-Butadiene-Styrene) rods market is estimated to be valued at USD XXX million in 2025 and is projected to reach USD XXX million by 2033, exhibiting a CAGR of XX% during the forecast period. The demand for ABS rods is primarily driven by their versatile properties, including high strength, rigidity, toughness, and resistance to heat and chemicals. These factors make ABS rods ideal for a wide range of applications across various industries, such as automotive, home appliances, consumer goods, medical devices, and industrial equipment. Key trends driving the market growth include the increasing adoption of lightweight materials in the automotive and aerospace industries, the growing demand for aesthetic and functional properties in home appliances and consumer electronics, and the expanding healthcare industry. However, the market faces challenges from fluctuations in raw material prices and competition from alternative materials such as polycarbonate and polyamide. Despite these restraints, the market is expected to continue its growth trajectory due to the increasing demand for high-performance materials and the continued development of new applications for ABS rods.

United States CPI UW: FB: AB: Away from Home data was reported at 0.364 % in Jun 2018. This records an increase from the previous number of 0.363 % for May 2018. United States CPI UW: FB: AB: Away from Home data is updated monthly, averaging 0.367 % from Jan 1998 (Median) to Jun 2018, with 246 observations. The data reached an all-time high of 0.493 % in Dec 2008 and a record low of 0.344 % in Apr 2002. United States CPI UW: FB: AB: Away from Home data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I010: Consumer Price Index: Urban: Weights.

United States CPI U: FB: AB: At Home: Distilled Spirits: excl whiskey data was reported at 185.850 1982-1984=100 in Jun 2018. This records a decrease from the previous number of 187.448 1982-1984=100 for May 2018. United States CPI U: FB: AB: At Home: Distilled Spirits: excl whiskey data is updated monthly, averaging 152.200 1982-1984=100 from Dec 1977 (Median) to Jun 2018, with 487 observations. The data reached an all-time high of 188.209 1982-1984=100 in Oct 2016 and a record low of 82.500 1982-1984=100 in Dec 1977. United States CPI U: FB: AB: At Home: Distilled Spirits: excl whiskey data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I002: Consumer Price Index: Urban.

United States CPI U: FB: AB: At Home data was reported at 202.176 1982-1984=100 in Jun 2018. This records an increase from the previous number of 201.669 1982-1984=100 for May 2018. United States CPI U: FB: AB: At Home data is updated monthly, averaging 150.200 1982-1984=100 from Dec 1977 (Median) to Jun 2018, with 487 observations. The data reached an all-time high of 202.683 1982-1984=100 in Apr 2018 and a record low of 71.900 1982-1984=100 in Dec 1977. United States CPI U: FB: AB: At Home data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I002: Consumer Price Index: Urban.

United States CPI U: FB: AB: Away from Home: Distilled Spirits data was reported at 190.272 Dec1997=100 in Jun 2018. This records an increase from the previous number of 190.006 Dec1997=100 for May 2018. United States CPI U: FB: AB: Away from Home: Distilled Spirits data is updated monthly, averaging 146.037 Dec1997=100 from Dec 1997 (Median) to Jun 2018, with 247 observations. The data reached an all-time high of 190.272 Dec1997=100 in Jun 2018 and a record low of 99.700 Dec1997=100 in Apr 1998. United States CPI U: FB: AB: Away from Home: Distilled Spirits data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I002: Consumer Price Index: Urban.

ABS polymers are widely used in various industries due to their excellent combination of properties. This article explores the properties and applications of ABS polymers, including their high impact strength, good thermal stability, and ease of processing. ABS polymers find use in industries such as automotive, consumer goods, electronics, toys and games, and medical applications.

United States CPI U: FB: AB: Away from Home data was reported at 352.899 1982-1984=100 in Sep 2018. This records an increase from the previous number of 351.155 1982-1984=100 for Aug 2018. United States CPI U: FB: AB: Away from Home data is updated monthly, averaging 193.750 1982-1984=100 from Dec 1977 (Median) to Sep 2018, with 490 observations. The data reached an all-time high of 352.899 1982-1984=100 in Sep 2018 and a record low of 67.700 1982-1984=100 in Dec 1977. United States CPI U: FB: AB: Away from Home data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I002: Consumer Price Index: Urban.

United States CPI W: FB: AB: At Home: Distilled Spirits data was reported at 189.270 1982-1984=100 in Jun 2018. This records a decrease from the previous number of 189.533 1982-1984=100 for May 2018. United States CPI W: FB: AB: At Home: Distilled Spirits data is updated monthly, averaging 151.600 1982-1984=100 from Jan 1978 (Median) to Jun 2018, with 486 observations. The data reached an all-time high of 191.903 1982-1984=100 in Feb 2016 and a record low of 80.200 1982-1984=100 in Jan 1978. United States CPI W: FB: AB: At Home: Distilled Spirits data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I012: Consumer Price Index: Urban Wage and Clerical Workers.

United States CPI UW: FB: AB: At Home: Distilled Spirits data was reported at 0.080 % in Jun 2018. This records a decrease from the previous number of 0.080 % for May 2018. United States CPI UW: FB: AB: At Home: Distilled Spirits data is updated monthly, averaging 0.081 % from Jan 1998 (Median) to Jun 2018, with 246 observations. The data reached an all-time high of 0.126 % in Feb 2006 and a record low of 0.071 % in Dec 2017. United States CPI UW: FB: AB: At Home: Distilled Spirits data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I010: Consumer Price Index: Urban: Weights.

This dataset presents data on economy and industry available from the ABS Data by Region statistics. This release of Data by Region presents various data for 2011-2019 and Census of Population and Housing data for 2011 and 2016 and is based on the Statistical Area 4 (SA4) 2016 boundaries. The dataset includes information in the following specified areas of economy and industry: Business Entries and Exists, Buildings Approvals, Residential Property Prices, Mean Household Net Worth, Patent and Trademark Applications, Insolvencies, Motor Vehicle Census, Tourist Accommodation Establishments, Agricultural Commodities, Gross Value of Agricultural Production and Industry of Employment. Data by Region contains a standard set of data for each region type, depending on the availability of statistics for particular geographies. Data are sourced from a wide variety of collections, both ABS and non-ABS. When analysing these statistics, care needs to be taken as time periods, definitions, methodologies, scope and coverage can differ across collections. Where available, data have been presented as a time series - to enable users to assess changes over time. However, when looked at on a period to period basis, some series may sometimes appear volatile. When analysing the data, users are encouraged to consider the longer term behaviour of the series, where this extra information is available. For more information please visit the Explanatory Notes.