Australia Housing Affordability Index: Queensland: Brisbane data was reported at 104.100 Index in Jun 2010. This records a decrease from the previous number of 112.400 Index for Mar 2010. Australia Housing Affordability Index: Queensland: Brisbane data is updated quarterly, averaging 183.007 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 238.095 Index in Sep 2000 and a record low of 83.800 Index in Mar 2008. Australia Housing Affordability Index: Queensland: Brisbane data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195501

House price affordability for Greater Sydney Region. Details on the methodology can be found here: http://blogs.unsw.edu.au/cityfutures/blog/2016/03/where-is-housing-affordable-in-sydney/

Housing Affordability Index: South Australia: Adelaide data was reported at 126.200 Index in Jun 2010. This records a decrease from the previous number of 138.200 Index for Mar 2010. Housing Affordability Index: South Australia: Adelaide data is updated quarterly, averaging 182.084 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 308.743 Index in Sep 1997 and a record low of 113.400 Index in Jun 2008. Housing Affordability Index: South Australia: Adelaide data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195901

Australia’s real house price index fell to 119.9 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 131. 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 122.5 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 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.

The house price-to-income ratio in Australia was ***** as of the fourth quarter of 2024. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, increased from the previous quarter. The price-to-income ratio can be used to measure housing affordability in a specific area. Australia's property bubble There has been considerable debate over the past decade about whether Australia is in a property bubble or not. A property bubble refers to a sharp increase in the price of property that is disproportional to income and rental prices, followed by a decline. In Australia, rising house prices have undoubtedly been an issue for many potential homeowners, pricing them out of the market. Along with the average house price, high mortgage interest rates have exacerbated the issue. Is the homeownership dream out of reach? Housing affordability has varied across the different states and territories in Australia. In 2024, the median value of residential houses was the highest in Sydney compared to other major Australian cities, with Brisbane becoming an increasingly expensive city. Nonetheless, expected interest rate cuts in 2025, alongside the expansion of initiatives to improve Australia's dwelling stock, social housing supply, and first-time buyer accessibility to properties, may start to improve the situation. These encompass initiatives such as the Australian government's Help to Buy scheme and the Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF) programs.

Housing Affordability Index: Western Australia: Perth data was reported at 104.500 Index in Jun 2010. This records a decrease from the previous number of 106.800 Index for Mar 2010. Housing Affordability Index: Western Australia: Perth data is updated quarterly, averaging 210.427 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 276.786 Index in Dec 1984 and a record low of 90.909 Index in Mar 2007. Housing Affordability Index: Western Australia: Perth data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195701

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 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.

Graph and download economic data for Real Residential Property Prices for Australia (QAUR628BIS) from Q1 1970 to Q4 2024 about Australia, residential, HPI, housing, real, 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.

Australia Housing Affordability Index: Victoria: Melbourne data was reported at 97.300 Index in Jun 2010. This records a decrease from the previous number of 104.200 Index for Mar 2010. Australia Housing Affordability Index: Victoria: Melbourne data is updated quarterly, averaging 152.932 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 237.395 Index in Sep 1997 and a record low of 97.300 Index in Jun 2010. Australia Housing Affordability Index: Victoria: Melbourne data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195301

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 dataset presents the Rental Affordability Index (RAI) for 3 bedroom 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.

Housing Affordability Index: Australia data was reported at 108.300 Index in Jun 2010. This records a decrease from the previous number of 119.200 Index for Mar 2010. Housing Affordability Index: Australia data is updated quarterly, averaging 169.938 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 226.000 Index in Sep 1997 and a record low of 107.200 Index in Mar 2008. Housing Affordability Index: Australia data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195001

Australia Housing Affordability Index: New South Wales: Sydney data was reported at 93.300 Index in Jun 2010. This records a decrease from the previous number of 102.600 Index for Mar 2010. Australia Housing Affordability Index: New South Wales: Sydney data is updated quarterly, averaging 125.996 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 182.873 Index in Sep 1985 and a record low of 83.597 Index in Dec 2003. Australia Housing Affordability Index: New South Wales: Sydney data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195101

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

This dataset presents the Rental Affordability Index (RAI) for all dwellings. The data uses different income values for each region within the Greater Capital Cities, 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.

Australia Housing Affordability Index: Queensland: Others data was reported at 118.200 Index in Jun 2010. This records a decrease from the previous number of 124.100 Index for Mar 2010. Australia Housing Affordability Index: Queensland: Others data is updated quarterly, averaging 184.683 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 287.124 Index in Dec 2001 and a record low of 97.800 Index in Jun 2008. Australia Housing Affordability Index: Queensland: Others data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195601

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.

Australia Housing Affordability Index: Victoria: Others data was reported at 142.900 Index in Jun 2010. This records a decrease from the previous number of 157.000 Index for Mar 2010. Australia Housing Affordability Index: Victoria: Others data is updated quarterly, averaging 202.156 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 357.595 Index in Sep 1997 and a record low of 135.030 Index in Sep 1989. Australia Housing Affordability Index: Victoria: Others data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195401

Housing Affordability Index: Western Australia: Others data was reported at 119.200 Index in Jun 2010. This records an increase from the previous number of 106.100 Index for Mar 2010. Housing Affordability Index: Western Australia: Others data is updated quarterly, averaging 218.432 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 284.681 Index in Mar 2002 and a record low of 87.700 Index in Mar 2008. Housing Affordability Index: Western Australia: Others data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195801