In 2024, one square meter of greenfield land cost an average of *** Australian dollars in Perth, Australia. This marked a significant increase from the previous year and a recovery from the five-year decreasing trend in land prices for that region witnessed between 2015 to 2020.

Changing trends in building investment have exposed the Land Development and Subdivision industry to wide annual fluctuations in the price and volume of land sales. The volume of greenfield land sales for residential projects more than doubled from a low in 2018-19 to a peak in 2020-21, corresponding with the surge in single-unit dwelling commencements in response to the Federal Government's HomeBuilder stimulus and historically low interest rates. However, the reversal of this stimulus and hiked mortgage interest rates since 2021-22 have stifled demand. Revenue is expected to have plunged at an annualised 10.0% over the five years through 2024-25 to $15.7 billion. This trend includes an anticipated minor recovery in revenue of 1.7% in 2024-25. Developers focusing on high-density land for non-residential building projects have benefited from the upswing in investment in this market since a pandemic-induced dip in 2020-21. Robust growth in commercial and industrial land development for offices, transport terminals and warehousing projects has provided opportunities to commercial property developers like Frasers Property Australia and Salta Properties. Still, the slump in single-unit house investment since the 2021-22 peak has dampened residential land development and subdivisions by some of the industry’s largest developers, like Satterley, Peet Limited, Avid Property Group and AVJennings. Intense conditions in the residential land market and supply chain blockages following the COVID-19 outbreak have dampened industry profitability. The industry's performance will rebound in response to improving land development opportunities in high-density apartment and townhouse construction. Mounting population pressures, higher residential house prices, Federal Government stimulus under the Housing Australia Future Fund (HAFF) and the construction of build-to-rent (BTR) developments will underpin this construction activity. Opportunities will gradually emerge for developing single-unit housing blocks and subdivisions, but investment will be sluggish in the non-residential building market. The median value of residential developments will rebound on the back of higher residential housing prices and the gradually rising volume of residential land development to meet increasing dwelling commencements. Industry revenue is forecast to climb at an annualised 5.6% over the five years through 2029-30, to $20.6 billion.

In 2024, Sydney had the highest price per square meter of land across major cities in Australia. Lot buyers expected to pay a premium of ***** Australian dollars per square meter in the capital of New South Wales. Conversely, lot buyers in Adelaide expected to spend around *** Australian dollars per square meter of land. Prices through the roof Over the past decade, the surge in land and housing costs has been attributed to rapid population growth, driving up median prices for property and land, particularly in cities. In Sydney, the per square meter price of land has almost tripled since 2010, while the number of new property listings has declined over the years. A shortage of residential land available to build on has exacerbated the housing affordability crisis in Australia. Will lending rates continue to climb? The homeownership dream is out of reach for the average Australian without a housing loan. Nevertheless, Australia's high mortgage interest rates for both owner-occupiers and investors have impacted current and aspiring mortgage holders, with the value of household lending trending downwards over the past two years. While rates remained high in the first half of 2024, they likely reached their peak, as shown by the gradual plateau in the second half of the year. This stabilization should, in turn, accelerate buying, selling, and lending activities.

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.

Land use code definitions are used to determine the differential rating categorisation for properties across Brisbane City Council.

The land use code indicates the predominant use for which the property is utilised or adapted to be utilised by virtue of its structure, fixtures and fittings or particular improvements and is an indicator of the property's specific rating criteria.

The land use code is part of the Council's property record held in the core land database and indicates the predominant use for which the property is utilised or adapted to be utilised by virtue of its structure, fixtures and fittings or particular improvements and is an indicator of the property's specific rating criteria.

The primary land use code identifies the predominant use for which the property is utilised and is an indicator of the property’s specific rating category, while the secondary land use code applied where a lesser use is also engaged on the property.

The specific rating criteria are used to identify into which Differential Rating Category a property will be placed in accordance with the annual Resolution of Rates and Charges.

In determining the predominant use, consideration will be given but not limited to the Visual, Spatial and Economic aspects of the land. Area is not the principal basis for determining the predominant use. The predominant use may be determined and applied during the construction phase of a structure and will be identified by its ultimate land use code followed by a secondary land use code of 01.

Rating category definitions are used to determine the rating of properties across Brisbane City Council.

Rating category definitions are contained in the Resolution of Rates and Charges which is the formal resolution that sets out the various rates levied by Council and any associated charges.

Resolution of rates and charges tables are used in identifying the rating categories and charges for rateable properties across Brisbane City Council for the financial year.

Information in this dataset relating to land use code definitions or relating to rating category definitions must be read in conjunction with the Resolution of Rates and Charges section of the Annual Plan and Budget 2023-24. Annual Plan and Budget documents are available on the Brisbane City Council website.

For more information about Brisbane City Council’s budget, please visit www.brisbane.qld.gov.au or phone Council’s Contact Centre on (07) 3403 8888.

Snapshot img

Residential Real Estate Market Size 2025-2029

The residential real estate market size is forecast to increase by USD 485.2 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives that attract potential buyers and tenants. This trend is driven by the rising demand for housing solutions that cater to the evolving needs of consumers, particularly in urban areas. However, the market's growth trajectory is not without challenges. Regulatory uncertainty looms large, with changing policies and regulations posing a significant threat to market stability. Notably, innovative smart home technologies, such as voice-activated assistants and energy-efficient appliances, are gaining traction, offering enhanced convenience and sustainability for homeowners.
As such, companies seeking to capitalize on the opportunities presented by the growing the market must navigate these challenges with agility and foresight. The residential construction industry's expansion is driven by urbanization and the rising standard of living in emerging economies, including India, China, Thailand, Malaysia, and Indonesia. By staying abreast of regulatory changes and implementing innovative marketing strategies, they can effectively meet the evolving needs of consumers and maintain a competitive edge. These regulatory shifts can impact everything from property prices to financing options, making it crucial for market players to stay informed and adapt quickly.

What will be the Size of the Residential Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic housing market analysis, small flats continue to be a popular choice for both investors and first-time homebuyers, driven by affordability and urban growth. International investment in housing projects, including apartments and condominiums, remains strong, offering attractive investment returns. Real estate syndication and property management software facilitate efficient property ownership and management. Real estate loans, property insurance, and urban planning are essential components of the housing market, ensuring the development of affordable housing and addressing the needs of the middle class and upper middle class. Property disputes, property tax assessments, and real estate litigation are ongoing challenges, requiring careful attention from stakeholders.
Property search engines streamline the process of finding the perfect property, from studio apartments to luxury homes. Real estate auctions, land banking, and nano apartments are innovative solutions in the market, while property flipping and short sales provide opportunities for savvy investors. Urban growth and community development are key trends, with a focus on sustainable, planned cities and the integration of technology, such as real estate blockchain, into the industry. Developers secure building permits, review inspection reports, and manage escrow accounts during real estate transactions. Key services include contract negotiation, dispute resolution, and tailored investment strategies for portfolio management. Financial aspects cover tax implications, estate planning, retirement planning, taxdeferred exchanges, capital gains, tax deductions, and maintaining positive cash flow for sustained returns.

How is this Residential Real Estate Industry segmented?

The residential real estate 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.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period. The sales segment dominates the global residential real estate market and will continue to dominate during the forecast period. The sales segment includes the sale of any property that is majorly used for residential purposes, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. With the growing population and urbanization, the demand for homes is also increasing, which is the major factor driving the growth of the sales segment. Moreover, real estate firms work with developers to sel

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.

Summary data showing a count of properties for each 4 digit land use code in the City of Onkaparinga

Annual report from the Land and Property Management Authority for the reporting period 2009/10.

In 2024, one square meter of greenfield land cost an average of ***** 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.

Snapshot img

Real Estate Market Size 2025-2029

The real estate market size is forecast to increase by USD 1,258.6 billion at a CAGR of 5.6% between 2024 and 2029.

The market is experiencing significant shifts and innovations, with both residential and commercial sectors adapting to new trends and challenges. In the commercial realm, e-commerce growth is driving the demand for logistics and distribution centers, while virtual reality technology is revolutionizing property viewings. Europe's commercial real estate sector is witnessing a rise in smart city development, incorporating LED lighting and data centers to enhance sustainability and efficiency. In the residential sector, wellness real estate is gaining popularity, focusing on health and well-being. Real estate software and advertising services are essential tools for asset management, streamlining operations, and reaching potential buyers. Regulatory uncertainty remains a challenge, but innovation in construction technologies, such as generators and renewable energy solutions, is helping mitigate risks.

What will be the Size of the Real Estate Market During the Forecast Period?

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The market continues to exhibit strong activity, driven by rising population growth and increasing demand for personal household space. Both residential and commercial sectors have experienced a rebound in home sales and leasing activity. The trend towards live-streaming rooms and remote work has further fueled demand for housing and commercial real estate. Economic conditions and local market dynamics influence the direction of the market, with interest rates playing a significant role in investment decisions. Fully furnished, semi-furnished, and unfurnished properties, as well as rental properties, remain popular options for buyers and tenants. Offline transactions continue to dominate, but online transactions are gaining traction.
The market encompasses a diverse range of assets, including land, improvements, buildings, fixtures, roads, structures, utility systems, and undeveloped property. Vacant land and undeveloped property present opportunities for investors, while the construction and development of new housing and commercial projects contribute to the market's overall growth.

How is this Real Estate Industry segmented and which is the largest segment?

The 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.

Type

  Residential
  Commercial
  Industrial


Business Segment

  Rental
  Sales


Manufacturing Type

  New construction
  Renovation and redevelopment
  Land development


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Type Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market encompasses the buying and selling of properties designed for dwelling purposes, including buildings, single-family homes, apartments, townhouses, and more. Factors fueling growth in this sector include the increasing homeownership rate among millennials and urbanization trends. The Asia Pacific region, specifically China, dominates the market due to escalating homeownership rates. In India, the demand for affordable housing is a major driver, with initiatives like Pradhan Mantri Awas Yojana (PMAY) spurring the development of affordable housing projects catering to the needs of lower and middle-income groups. The commercial real estate segment, consisting of office buildings, shopping malls, hotels, and other commercial properties, is also experiencing growth.

Furthermore, economic and local market conditions, interest rates, and investment opportunities in fully furnished, semi-furnished, unfurnished properties, and rental properties influence the market dynamics. Technological integration, infrastructure development, and construction projects further shape the real estate landscape. Key sectors like transportation, logistics, agriculture, and the e-commerce sector also impact the market.

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The Residential segment was valued at USD 1440.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 64% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The Asia Pacific region holds the largest share of The market, dr

Abstract

This dataset and its metadata statement were supplied to the Bioregional Assessment Programme by a third party and are presented here as originally supplied.

Important Note: 14/01/2015. Since we generated these spatial layer datasets, the NSW Department of Planning and Environment has published an interactive CSG Exclusion Zone map. Interested parties should go to http://www.planning.nsw.gov.au/en-au/planningyourregion/strategicregionallanduse/coalseamgasexclusionzones.aspx where they can find out more about CSG exclusion zones. The information in the Bioregional Assessment products aligns with the CSG exclusion zones as published by NSW and the subsequent publication of those NSW maps does not alter the information in our assessments.

A polygon dataset that estimates the extent of Strategic Agricultural Land (SAL) within New South Wales.

Strategic agricultural land is highly productive land that has both unique natural resource characteristics (such as soil and water resources) as well as socio-economic value (such as high productivity, infrastructure availability and access to markets).

Biophysical strategic agricultural land is land with a rare combination of natural resources highly suitable for agriculture. These lands intrinsically have the best quality landforms, soil and water resources which are naturally capable of sustaining high levels of productivity and require minimal management practices to maintain this high quality

Purpose

To identify Strategic Agricultural Land (SAL) within the state

Dataset History

Important Note: 14/01/2015. Since we generated these spatial layer datasets, the NSW Department of Planning and Environment has published an interactive CSG Exclusion Zone map. Interested parties should go to http://www.planning.nsw.gov.au/en-au/planningyourregion/strategicregionallanduse/coalseamgasexclusionzones.aspx where they can find out more about CSG exclusion zones. The information in the Bioregional Assessment products aligns with the CSG exclusion zones as published by NSW and the subsequent publication of those NSW maps does not alter the information in our assessments.

This dataset has been captured and mapped at a regional scale

Criteria for Biophysical Strategic Agricultural Land

land that falls under soil fertility classes 'high' or 'moderately high' under the Draft Inherent General Fertility of NSW (OEH), and

· land capability classes I, II or III under the Land and Soil Capability Mapping of NSW (OEH), and

· reliable water of suitable quality, characterised by having rainfall of 350mm or more per annum (9 out of 10 years); or properties within 150m of a regulated river, or unregulated rivers where there are flows for at least 95% of the time (ie the 95th percentile flow of each month of the year is greater than zero) or 5th order and higher rivers; or groundwater aquifers (excluding miscellaneous alluvial aquifers, also known as small storage aquifers) which have a yield rate greater than 5L/s and total dissolved solids of less than 1,500mg/L.

OR

· land that falls under soil fertility classes 'moderate' under the Draft Inherent General Fertility of NSW (OEH), and

· land capability classes I or II under the Land and Soil Capability Mapping of NSW (OEH), and

· reliable water of suitable quality, characterised by having rainfall of 350mm or more per annum (9 out of 10 years); or properties within 150m of a regulated river, or unregulated rivers where there are flows for at least 95% of the time (ie the 95th percentile flow of each month of the year is greater than zero) or 5th order and higher rivers; or groundwater aquifers (excluding miscellaneous alluvial aquifers, also known as small storage aquifers) which have a yield rate greater than 5L/s and total dissolved solids of less than 1,500mg/L.

Dataset Citation

NSW Department of Planning and Infrastructure (2013) Strategic Agricultural Lands (SAL) Biophysical. Bioregional Assessment Source Dataset. Viewed 14 June 2018, http://data.bioregionalassessments.gov.au/dataset/42e2a51d-3c11-431f-ac62-f8511c859516.

The residential broadhectare land supply dataset is used to monitor the stock of land in the Greater Adelaide Region and selected rural townships that has been identified with a reasonable long-term probability of being available for urban development. Land is classified as broadhectare if it is greater than 4,000 square metres, appropriately zoned and has certain land use and ownership criteria. The dataset is the basis of the annual Residential Broadhectare Land Supply Report. Link: http://www.sa.gov.au/topics/property-and-land/planning-and-land-management/planning-data-for-research-and-mapping/land-supply-monitoring#title1

This dataset is available on Brisbane City Council’s open data website – data.brisbane.qld.gov.au. The site provides additional features for viewing and interacting with the data and for downloading the data in various formats.

Land use code definitions are used to determine the differential rating categorisation for properties across Brisbane City Council.

The land use code indicates the predominant use for which the property is utilised or adapted to be utilised by virtue of its structure, fixtures and fittings or particular improvements and is an indicator of the property's specific rating criteria.

The land use code is part of the Council's property record held in the core land database and indicates the predominant use for which the property is utilised or adapted to be utilised by virtue of its structure, fixtures and fittings or particular improvements and is an indicator of the property's specific rating criteria.

The primary land use code identifies the predominant use for which the property is utilised and is an indicator of the property’s specific rating category, while the secondary land use code applied where a lesser use is also engaged on the property.

The specific rating criteria are used to identify into which Differential Rating Category a property will be placed in accordance with the annual Resolution of Rates and Charges.

In determining the predominant use, consideration will be given but not limited to the Visual, Spatial and Economic aspects of the land. Area is not the principal basis for determining the predominant use. The predominant use may be determined and applied during the construction phase of a structure and will be identified by its ultimate land use code followed by a secondary land use code of 01.

Rating category definitions are used to determine the rating of properties across Brisbane City Council.

Rating category definitions are contained in the Resolution of Rates and Charges which is the formal resolution that sets out the various rates levied by Council and any associated charges.

Resolution of rates and charges tables are used in identifying the rating categories and charges for rateable properties across Brisbane City Council for the financial year.

Information in this dataset relating to land use code definitions or relating to rating category definitions must be read in conjunction with the Resolution of Rates and Charges section of the Annual Plan and Budget 2020-21. Annual Plan and Budget documents are available on the Brisbane City Council website.

For more information about Brisbane City Council’s budget, please visit www.brisbane.qld.gov.au or phone Council’s Contact Centre on (07) 3403 8888.

South Sydney had the highest average land value of industrial property with a value of ***** Australian dollars per square meter in Australia. City Fringe Melbourne had the second highest average land value of industrial property with a value of ***** Australian dollars per square meter.

The Report Covers Residential Real Estate Market Size and It is Segmented by Type (Apartments and Condominiums, Villas, and Landed Houses) and Cities (Sydney, Perth, Melbourne, Brisbane, and Other Cities). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

In 2024, one square meter of greenfield land cost an average of 751 Australian dollars in Adelaide, Australia. This marked an increase in green land cost per square meter compared to the previous year.

Land use code definitions are used to determine the differential rating categorisation for properties across Brisbane City Council.

The land use code indicates the predominant use for which the property is utilised or adapted to be utilised by virtue of its structure, fixtures and fittings or particular improvements and is an indicator of the property's specific rating criteria.

The land use code is part of the Council's property record held in the core land database and indicates the predominant use for which the property is utilised or adapted to be utilised by virtue of its structure, fixtures and fittings or particular improvements and is an indicator of the property's specific rating criteria.

The primary land use code identifies the predominant use for which the property is utilised and is an indicator of the property’s specific rating category, while the secondary land use code applied where a lesser use is also engaged on the property.

The specific rating criteria are used to identify into which Differential Rating Category a property will be placed in accordance with the annual Resolution of Rates and Charges.

In determining the predominant use, consideration will be given but not limited to the Visual, Spatial and Economic aspects of the land. Area is not the principal basis for determining the predominant use. The predominant use may be determined and applied during the construction phase of a structure and will be identified by its ultimate land use code followed by a secondary land use code of 01.

Rating category definitions are used to determine the rating of properties across Brisbane City Council.

Rating category definitions are contained in the Resolution of Rates and Charges which is the formal resolution that sets out the various rates levied by Council and any associated charges.

Resolution of rates and charges tables are used in identifying the rating categories and charges for rateable properties across Brisbane City Council for the financial year.

Information in this dataset relating to land use code definitions or relating to rating category definitions must be read in conjunction with the Resolution of Rates and Charges section of the Annual Plan and Budget 2016-17. Annual Plan and Budget documents are available on the Brisbane City Council website.

For more information about Brisbane City Council’s budget, please visit www.brisbane.qld.gov.au or phone Council’s Contact Centre on (07) 3403 8888.

Restricted to Government access only, this dataset contains information about the ownership and vesting of freehold and Crown land in Western Australia as well as information required to deliver to specific State Government requirements. This layer also contains strata property details along with full property street address information in Australian Standard (AS4590) and text string formats. The data contained within this layer is sourced from Western Australia's digital Land Registry and the authoritative property street address dataset maintained by Landgate. _ NOTE: This product is for information purposes only and is not guaranteed. The information may be out of date and should not be relied upon without further verification from the original documents. Where the information is being used for legal purposes then the original documents must be searched for all legal requirements. _ Key information and attributes Land ownership details, certificate of title number, property street address, land parcel identifier (lot on survey), area, document number and type, land type (eg reserve, vacant, freehold, leasehold, easement), survey details, consideration, easement and interests. Geometry type: polygon Update cycle: daily Coverage: whole of state Accuracy: This service should not be used for legal purposes. For all legal requirements, please refer to imaged original documents held by Landgate. © Western Australian Land Information Authority (Landgate). Use of Landgate data is subject to approved License terms and conditions. For further information, please contact your Landgate Service Manager or email BusinessSolutions@landgate.wa.gov.au.

Summary data showing a count of properties for each suburb and land use code