Housing Index in Australia increased to 183.90 points in the fourth quarter of 2021 from 175.60 points in the third quarter of 2021. This dataset provides the latest reported value for - Australia House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This report analyses the price of residential housing in Australia. This is measured by taking the average of the residential property price index produced by the Australian Bureau of Statistics (ABS). The index is an aggregation of an established house price index and an attached dwellings price index. The index measures the price change in all residential dwellings in Australia's eight major capital cities. The data for this report is sourced from the ABS and has an index base year of 2011-12.

Australia’s real house price index fell to ***** in the fourth quarter of 2024. 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 ***. 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 hit ***** in the second 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 into the first quarter of 2025, making the prospect of renting less appealing. As of March 2025, the average weekly house rent price in Sydney stood at *** 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.

Australia House Price Index: Nominal: sa data was reported at 155.820 2015=100 in Sep 2024. This records an increase from the previous number of 152.732 2015=100 for Jun 2024. Australia House Price Index: Nominal: sa data is updated quarterly, averaging 26.614 2015=100 from Mar 1970 (Median) to Sep 2024, with 219 observations. The data reached an all-time high of 155.820 2015=100 in Sep 2024 and a record low of 2.459 2015=100 in Mar 1970. Australia House Price Index: Nominal: 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. Whole country; Seasonnally adjusted by OECD, using the X-12 ARIMA method;

Provides estimates of changes in house prices in each of the eight capital cities of Australia. The information is presented in the form of price indexes constructed separately for established houses and for project homes.

The average price of Australian residential property has risen over the past ten years, and in December 2024, it reached 976,800 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, with minor fluctuations in 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 April 2025. 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 10 percent increase from April 2024, 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 December quarter of 2024, the number of residential dwellings reached around 11.29 million, representing an increase of about 53,200 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, elevated mortgage interest rates in recent years 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.

Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: Class A, B & C data was reported at 323.800 1999=100 in May 2018. This records an increase from the previous number of 317.700 1999=100 for Apr 2018. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: Class A, B & C data is updated monthly, averaging 111.500 1999=100 from Jan 1992 (Median) to May 2018, with 317 observations. The data reached an all-time high of 323.800 1999=100 in May 2018 and a record low of 55.900 1999=100 in Jun 2003. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: Class A, B & C data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong – Table HK.EB016: Residential: Price Index: 1999=100.

Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class A,B & C data was reported at 391.900 1999=100 in Sep 2018. This records a decrease from the previous number of 397.600 1999=100 for Aug 2018. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class A,B & C data is updated monthly, averaging 114.600 1999=100 from Jan 1993 (Median) to Sep 2018, with 309 observations. The data reached an all-time high of 397.800 1999=100 in Jul 2018 and a record low of 57.900 1999=100 in Jul 2003. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class A,B & C data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.EB015: Residential: Price Index: 1999=100.

This information was complied from the Australian Bureau of Statistics in Partial fullfilment of Coursework for the Master of Data Science taught at UNSW

Household income and wealth Australia, Building Activity Australia, Affordable Housing Database, National and Regional House Price Indices, Population Projections, Lending Indicators

Household income and wealth Australia ->https://www.abs.gov.au/statistics/economy/finance/household-income-and-wealth-australia/latest-release, Affordable Housing Database ->http://www.oecd.org/social/affordable-housing-database.htm, National and Regional House Price Indices ->https://stats.oecd.org/Index.aspx?DataSetCode=RHPI_TARGET, Population Projections ->https://stats.oecd.org/Index.aspx?DataSetCode=POPPROJ, Lending Indicators ->https://www.abs.gov.au/statistics/economy/finance/lending-indicators/apr-2021

Australia Consumer Price Index (CPI): All Items: City data was reported at 125.976 2015=100 in Dec 2023. This records an increase from the previous number of 125.421 2015=100 for Sep 2023. Australia Consumer Price Index (CPI): All Items: City data is updated quarterly, averaging 38.282 2015=100 from Sep 1948 (Median) to Dec 2023, with 302 observations. The data reached an all-time high of 125.976 2015=100 in Dec 2023 and a record low of 3.417 2015=100 in Dec 1948. Australia Consumer Price Index (CPI): All Items: City 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.MEI: Consumer Price Index: COICOP 1999: OECD Member: Quarterly. The Australian CPI measures the pure price change in a selected basket of goods and services (of constant quality and quantity) typically purchased by Australian households. Prices used are actual transaction prices, including taxes but net of any unconditional subsidies or discounts. 'Special' and sales prices are recorded if they are temporary reductions. Rebates and free gifts are treated on a case by case basis. Prices are adjusted accordingly where bonus quantities, prepayments or early payment discounts and over-valuation during trade-ins are offered. No adjustments are made to prices in case where the price is linked to cheap finance or discount bulk purchases, or where entitlement to prizes in competitions are linked to product purchases. Any concessions available to particular groups of the population (such as age pensioners) are also taken into account where significant. Method of collection: The collection of prices in each capital city is largely conducted by trained field staff operating out of the various offices of the ABS, while some prices are collected by staff in the national office. Prices for most items are collected via personal visits using a hand held device. Other collection methods include the telephone, the Internet, electronic files, brochures, catalogues, and paper forms. Treatment of rentals for housing: The index includes a measure of rented housing. Treatement of Owner-Occupied Housing: The index includes a measure of owner-occupied housing costs represented by the purchase of dwellings (excluding land) and major improvements to existing homes and other costs according to an acquisitions approach. Treatment of missing prices: Missing values are imputed using price movements of similar products, price movements of the product at other outlets or other available external data. Treatment of quality changes: Prices are adjusted to remove the effect of quality changes. The method used vary according to the nature of the change and relies largely on external industry data. Treatment of replacement items: they are selected after consultation with retail outlet managers, product distributors or manufacturers and analysing industry data for the items affected. New products are included between weights updates via linking or splicing process. Treatment of seasonal items: items showing distinct seasonal behavior are adjusted via two methods. The first method involves repeating the same price in the out of season periods (education fees). In the second, prices for out of season products are imputed from other items in the same group or expenditure class (food and clothing).

Key information about House Prices Growth

• Australia house prices grew 2.9% YoY in Dec 2024, following an increase of 5.8% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Sep 2004 to Dec 2024, with an average growth rate of 5.8%.
• House price data reached an all-time high of 24.1% in Dec 2021 and a record low of -6.1% in Mar 2019.

(StatCan Product) This information product has been customized to present information on annual new housing price indexes for Alberta Census Metropolitan Areas (CMA) from 1971 to 2015.

This report analyses the domestic price of concrete, cement and sand. These materials are major inputs in both residential and non-residential construction. This report uses the producer price sub-index for concrete, cement and sand, sourced from the Australian Bureau of Statistics (ABS). The ABS calculates prices in the state capital cities and takes a weighted average of these prices to calculate the index. The data is converted from quarterly to annual data using the index average for the four quarters of each financial year. The data is measured in index points and has a base year of 2011-12.

In the fourth quarter of 2024, the house price-to-rent ratio in Australia was estimated at *****, 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. Within the given period, after reaching a peak in the first quarter of 2022, the price-to-rent ratio decreased each quarter until the second quarter of 2023. From then on, the house price-to-rent ratio fluctuated, but largely trended downwards. 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 was on an upward trend between the third quarter of 2022 and the second quarter of 2024. Nonetheless, after hitting its peak, it declined to ***** in the fourth quarter of 2024. Rental property demand In March 2025, 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. Hobart, on the other hand, had the most affordable rental properties across Australia's capital cities.

物业价格指数：1999年=100：DP：PD：A类，B类和C类：NT在09-01-2018达318.1001999=100，相较于08-01-2018的322.9001999=100有所下降。物业价格指数：1999年=100：DP：PD：A类，B类和C类：NT数据按月更新，01-01-1992至09-01-2018期间平均值为103.6001999=100，共321份观测结果。该数据的历史最高值出现于07-01-2018，达323.3001999=100，而历史最低值则出现于07-01-2003，为53.8001999=100。CEIC提供的物业价格指数：1999年=100：DP：PD：A类，B类和C类：NT数据处于定期更新的状态，数据来源于差餉物業估價處，数据归类于全球数据库的香港 – 表 HK.E016：住宅：价格指数：1999年=100。