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.

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.

CEIC calculates quarterly House Price Index Growth from quarterly Residential Dwellings: Mean Price of Eight Capital Cities. The Australian Bureau of Statistics provides Residential Dwellings: Mean Price of Eight Capital Cities in local currency. House Price Index Growth prior to Q3 2012 is calculated from Residential Property Price Index: Weighted Average of Eight Capital Cities.

The Outlook of the Australian Commercial Property Market Report is Segmented by Type (office, Retail, Industrial and Logistics, Hospitality, and Other Types) and by Key Cities (Sydney, Melbourne, Brisbane, Adelaide, Canberra, and Perth). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

Quarterly median house prices for metropolitan Adelaide by suburb

In the metropolitan area of Melbourne, Australia, the median home price was approximately 860,000 Australian dollars in the year 2023. In 2022, the median house price was about 890,000 Australian dollars.

Australia Consumer Price Index (CPI): Adelaide: All excl Housing data was reported at 138.400 2011-2012=100 in Mar 2025. This records an increase from the previous number of 138.200 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Adelaide: All excl Housing data is updated quarterly, averaging 70.100 2011-2012=100 from Sep 1972 (Median) to Mar 2025, with 211 observations. The data reached an all-time high of 138.400 2011-2012=100 in Mar 2025 and a record low of 10.800 2011-2012=100 in Sep 1972. Australia Consumer Price Index (CPI): Adelaide: All excl Housing 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): Weights: Housing data was reported at 21.740 % in Dec 2024. This stayed constant from the previous number of 21.740 % for Sep 2024. Australia Consumer Price Index (CPI): Weights: Housing data is updated quarterly, averaging 22.680 % from Sep 2017 (Median) to Dec 2024, with 30 observations. The data reached an all-time high of 24.050 % in Sep 2021 and a record low of 21.740 % in Dec 2024. Australia Consumer Price Index (CPI): Weights: Housing 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.I010: Consumer Price Index: Weights: 17th Series.

Australia Consumer Price Index (CPI): Adelaide: Housing: Other: Maintenance & Repairs data was reported at 132.800 2011-2012=100 in Dec 2021. This records an increase from the previous number of 130.200 2011-2012=100 for Sep 2021. Australia Consumer Price Index (CPI): Adelaide: Housing: Other: Maintenance & Repairs data is updated quarterly, averaging 76.850 2011-2012=100 from Sep 1980 to Dec 2021, with 166 observations. The data reached an all-time high of 132.800 2011-2012=100 in Dec 2021 and a record low of 27.600 2011-2012=100 in Sep 1980. Australia Consumer Price Index (CPI): Adelaide: Housing: Other: Maintenance & Repairs 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.I006: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Australia Contribution To Total Consumer Price Index (CPI): Housing: Utilities: Electricity data was reported at 2.990 Index Point in Sep 2017. This records an increase from the previous number of 2.740 Index Point for Jun 2017. Australia Contribution To Total Consumer Price Index (CPI): Housing: Utilities: Electricity data is updated quarterly, averaging 2.560 Index Point from Jun 2011 (Median) to Sep 2017, with 26 observations. The data reached an all-time high of 2.990 Index Point in Sep 2017 and a record low of 1.980 Index Point in Jun 2011. Australia Contribution To Total Consumer Price Index (CPI): Housing: Utilities: Electricity 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.I014: Consumer Price Index: Contribution to Total Consumer Price Index: 16th Series.

Moulden in Greater Darwin, Northern Territory was the most affordable capital city housing suburb in Australia as of November 2024, with a median property value of around ******* Australian dollars. The Gray suburb, also in Greater Darwin, was the second-most affordable capital city housing suburb.

Homeownership provides financial and emotional security and often represents an individual or family's most significant investment. House Construction industry contractors build single-unit (detached) dwellings or renovate and repair existing houses. Australia's solid population growth underpins the industry's performance. Still, a long-term shift in housing preferences towards constructing high-density apartments and townhouses has eroded revenue. House construction surged to a record peak in 2021-22 despite the pandemic restrictions and supply chain blockages impeding progress on construction projects. Homebuyers responded to record-low mortgage interest rates, favourable bank lending practices and the stimulus from the Federal Government's HomeBuilder scheme by unprecedented investment in new single-unit house construction and home renovations. As the housing market heated up, builders faced challenges juggling heavy workloads while dealing with supply bottlenecks, skill shortages and rising costs. The industry's revenue performance has taken a hit in recent years as housing investment slumped following the hike in mortgage interest rates as the RBA lifted official cash rates to quell inflation. Meanwhile, the HomeBuilder scheme wound down with the completion of funded projects. Industry revenue is expected to fall by 2.9% in 2024-25 and decline at an annualised 1.5% over the five years through 2024-25 to $76.1 billion. The industry's profit margins have suffered, partly reflecting the supply chain disruptions during the housing boom stemming from the COVID-19 restrictions. These bottlenecks delayed construction projects and inflated input prices for building materials, fuel, capital equipment and skilled labour. Fixed-price contracts and escalating input costs have pushed many homebuilders to the brink. Mounting population pressure and some easing in mortgage interest rates will support the moderate recovery in the industry's performance. Homebuilders may also derive some support from a commitment to construct 1.0 million new homes under the National Housing Accord. Still, much of the focus of residential building construction will shift towards high-density apartment and townhouse developments rather than single-unit houses. Industry revenue is forecast to climb at an annualised 1.4% to $81.6 billion through the end of 2029-30.

In the first half of 2022, median house prices in Australia grew the most in Brisbane, where the average growth rate was around 25 percent. On the other hand, Adelaide witnessed a decline in median house price growth during the period, recording a decrease of five percent.

The Australian textile market, valued at approximately $5.00 billion in 2025, is projected to experience steady growth, with a Compound Annual Growth Rate (CAGR) of 4.56% from 2025 to 2033. This growth is driven by several key factors. Increasing disposable incomes and a rising preference for comfortable and stylish home furnishings are boosting demand for bed linen, bath linen, and kitchen textiles. The growing popularity of online shopping provides convenient access to a wider variety of products, fueling market expansion. Furthermore, the increasing focus on sustainable and ethically sourced textiles is creating new opportunities for brands committed to responsible manufacturing practices. The market is segmented by product type (bed linen, bath linen, kitchen linen, upholstery, floor coverings) and distribution channel (supermarkets & hypermarkets, specialty stores, online retailers, and others). Major players like Inditex, Forty Winks Pty Ltd, and IKEA compete in this dynamic market, showcasing the range of offerings from budget-friendly to premium options. Challenges include fluctuations in raw material prices and intense competition amongst established and emerging players. The increasing consumer awareness of sustainability and ethical sourcing is expected to influence product development and marketing strategies in the coming years. The Australian market's unique preferences for certain styles and designs also pose challenges for brands looking to establish a significant market share. The forecast period of 2025-2033 anticipates continued expansion, largely fueled by sustained consumer spending and innovative product development within the textile sector. The dominance of online sales is likely to increase further, demanding that businesses invest in robust e-commerce strategies. Growth within specific segments, such as sustainably produced textiles, will also play a significant role in shaping the market landscape during this period. Competition will remain fierce, forcing brands to differentiate themselves through product quality, brand reputation, and effective marketing initiatives. Successful players will be those who adapt to changing consumer preferences and leverage emerging trends in e-commerce and sustainable manufacturing. Recent developments include: In September 2022, Ingka group operating in Australian home textile opens its first planning studio in Australia in west Melbourne. This studio will be focusing on kitchens and wardrobes, offering customers one-to-one planning with experts, with the full IKEA range available to order., In August 2022, Forty Winks Australia's leading bed, mattress and bedding retailer opened its new store in Noarlunga, Adelaide SA. This store will be a locally owned bedding specialist stocking the widest range of mattresses and bedroom furniture including King Koil Chiropractic, Sealy Posturepedic, Serta, SleepMaker and Silent Partner.. Key drivers for this market are: Convenience and Time-Saving, Changing Food Culture and Western Influence. Potential restraints include: Power Supply Issues, Preference for Traditional Cooking Methods. Notable trends are: Home Textile Trade from Australia is Increasing.

In the third quarter of 2023, the median price of residential property transfers for established housing in Adelaide came to around 715 thousand Australian dollars. This marked the highest median price of established housing transfers in Adelaide within the given time period.

This statistic displays the median price for dwellings in major cities in Australia, as of August 2016. That year, the median price for a dwelling in Darwin was about 459 thousand Australian dollars.

Residential house prices across the capital cities in Australia increased by 23.7 percent through the year to December 2021. Housing affordability in Australia remains a highly political topic with many prospective home buyers feeling priced out of the market.

The Australia Contract Packaging Market Report is Segmented by Type (Primary, Secondary, and Tertiary) and End User (Food, Beverage, Pharmaceutical, Home Care and Personal Care, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for the Above Segments.

Australia Consumer Price Index (CPI): YoY: Housing data was reported at 2.000 % in Mar 2025. This records an increase from the previous number of 1.000 % for Dec 2024. Australia Consumer Price Index (CPI): YoY: Housing data is updated quarterly, averaging 4.900 % from Sep 1973 (Median) to Mar 2025, with 207 observations. The data reached an all-time high of 19.500 % in Mar 1975 and a record low of -9.700 % in Sep 1997. Australia Consumer Price Index (CPI): YoY: Housing 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.I003: Consumer Price Index: 2011-12=100: Quarterly.

In the June quarter of 2024, the average residential property price in Western Australia exceeded 816 thousand Australian dollars. This marked the highest quarterly mean dwelling price in Western Australia during the reported period.

The median house price in Geelong, Victoria rose from 667.5 thousand Australian dollars in the second quarter of 2019 to 705 thousand Australian dollars in the same period in 2020. The house price in regional cities in Victoria mostly increased during that period.