https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required
Graph and download economic data for Real Residential Property Prices for Australia (QAUR628BIS) from Q1 1970 to Q3 2024 about Australia, residential, HPI, housing, real, price index, indexes, and price.
https://www.imarcgroup.com/privacy-policyhttps://www.imarcgroup.com/privacy-policy
Australia real estate market size reached US$ 130 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 176 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032. The market is mainly driven by the rising population growth, economic stability and low interest rates on property purchase. Sustainable buildings, mixed-use developments and increased preference for online site visits and virtual tours are further contributing to the market growth.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
| US$ 130 Billion |
Market Forecast in 2032
| US$ 176 Billion |
Market Growth Rate 2024-2032 | 3.4% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2024-2032. Our report has categorized the market based on property, business, and mode.
The average housing costs for Australian renters of private property amounted to 415 Australian dollars per week in 2020. In 2022, between 21 to 29 percent of the household income of renters was spent on rent across the country.
Short-term impact of the coronavirus pandemic
With the global outbreak of COVID-19, the historically strong Australian housing market is not immune. In the short-term, the country saw a drop in rental housing demand as a direct result of migration ceasing, falling overseas student numbers, and younger people opting to stay home. With travel opening up, a spike in rental vacancy rates is expected, with short-term rentals, such as those from travel websites, suddenly flooding the long-term rental market. The influx of housing may ease pressure on potential tenants in certain areas, and it may have the carry-on effect of rental costs stabilizing, or in some cases declining. In the inner suburbs of Sydney and Melbourne, for instance, there has already been a significant increase in rental listings compared to the previous year.
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 1,617 Australian dollars per square meter in the capital of New South Wales. Conversely, lot buyers in Adelaide expected to spend around 750 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.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The main stock market index in Australia (ASX200) decreased 241 points or 2.95% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. Australia Stock Market Index - values, historical data, forecasts and news - updated on March of 2025.
Attribution-NonCommercial-NoDerivs 4.0 (CC BY-NC-ND 4.0)https://creativecommons.org/licenses/by-nc-nd/4.0/
License information was derived automatically
In 2007, a cash-strapped Brian Chesky came up with a shrewd way to pay his $1,200 San Francisco apartment rent. He would offer “Air bed and breakfast”, which consisted of three airbeds,...
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
SA Heritage Places indicates the spatial location of State Heritage Places from the South Australian Heritage Register (see http://www.environment.sa.gov.au/our-places/Heritage/SA_Heritage_Register), Local Heritage Places and Contributory Items from council development plans. Information about each heritage place includes: • the land parcel associated with each heritage place/item • description, criteria for listing • address, plan/parcel/title, Local Government Area, development plan name. SA Heritage Places is available as spatial layers in point (centroid of the heritage place) and polygon (indicative footprint of the heritage place) format.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Part Time Employment in Australia decreased to -17034 Persons in February from -6488 Persons in January of 2025. This dataset provides - Australia Part Time Employment- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Northern Star Resources Limited led the gold mining companies listed on the Australian Securities Exchange as of March 2025, with a market capitalization of 20.56 billion Australian dollars. The largest Australian gold miner, Northern Star has operations in Western Australia, the Northern Territory, and Alaska. Northern Star Resources Northern Star Resources’ revenue reached almost five billion Australian dollars in the 2024 financial year. The company’s net profit after tax was also significant, at 640 million Australian dollars. In late 2024, Northern Star announced plans to purchase De Grey Mining in an all-share deal, which would give the company access to the Hemi gold development project in Western Australia. Gold mining down under The volume of gold produced in Australia is forecasted to reach 309 metric tons by 2026. While Australian gold mining has traditionally been an important segment of the global metal mining industry, the number of gold mines in the country was forecast to decrease between 2021 and 2057. Despite this, Australia was one of the leading gold mining countries worldwide.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Coal decreased 28.50 USD/MT or 22.75% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal - values, historical data, forecasts and news - updated on March of 2025.
As of March 2025, Elders Limited was the leading agricultural product company on the Australian Securities Exchange (ASX), with a market cap of 1.3 billion Australian dollars. The previous leading agricultural product company, Costa Group, was delisted from the ASX earlier in 2024 after being bought out by a North American-based consortium made up of Paine Schwartz Partners, Driscoll’s Inc, and British Columbia Investment Management Corporation. Major agricultural exporter Despite its relatively small contribution to the country’s total GDP, agriculture remains a crucial economic sector in Australia, with agricultural commodities trade forming a notable share of Australia’s total exports value each year. While the value of agricultural exports from Australia declined in 2021, the industry grew substantially in 2022 and 2023. Australia’s agriculture industry has remained resilient, as the Australian Government has continued investing in agricultural development and food security. Market leader Elders Limited Founded in 1839 in South Australia, Elders Limited, now among Australia’s most trusted agribusinesses, mainly operates in the Branch Network, Wholesale Products, and Feed and Processing Services segments. Elders Ltd supports primary producers in Australia and New Zealand throughout the production cycle by offering an array of agricultural products and financial services, including farm supplies, technical services, insurance, real estate, as well as agency services involving wool, grain, and livestock. In 2024, Elders Ltd reported a sales revenue of over 3.1 billion Australian dollars.
Not seeing a result you expected?
Learn how you can add new datasets to our index.
https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required
Graph and download economic data for Real Residential Property Prices for Australia (QAUR628BIS) from Q1 1970 to Q3 2024 about Australia, residential, HPI, housing, real, price index, indexes, and price.