Graph and download economic data for Real Residential Property Prices for Australia (QAUR628BIS) from Q1 1970 to Q2 2025 about Australia, residential, HPI, housing, real, price index, indexes, and price.

The average price of Australian residential property has risen over the past ten years, and in June 2025, it reached over one million 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 June quarter of 2025, the number of residential dwellings reached around 11.37 million, representing an increase of about 53,600 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.

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.

Residential Property Prices in Australia increased 3.47 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Australia Residential Property Prices.

Australia’s real house price index increased to ***** in the first quarter of 2025. 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.

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 3.5% YoY in Jun 2025, following an increase of 4.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Sep 2004 to Jun 2025, with an average growth rate of 0.0%.

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.

Average House Prices in Australia increased to 1016.70 AUD Thousand in the second quarter of 2025 from 1002.50 AUD Thousand in the first quarter of 2025. This dataset includes a chart with historical data for Australia Mean Dwelling Price.

View quarterly updates and historical trends for Australia Real House Price Index. Source: Federal Reserve Bank of Dallas. Track economic data with YChart…

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.

Real estate markets are of great importance for both local and international investors. Sydney and Melbourne are two dynamic markets where economic and social factors have significant impacts on property prices. Below is a detailed description of each feature:

1. Date: The date when the property was sold. This feature helps in understanding the temporal trends in property prices.
2. Price:The sale price of the property in USD. This is the target variable we aim to predict.
3. Bedrooms:The number of bedrooms in the property. Generally, properties with more bedrooms tend to have higher prices.
4. Bathrooms: The number of bathrooms in the property. Similar to bedrooms, more bathrooms can increase a property’s value.
5. Sqft Living: The size of the living area in square feet. Larger living areas are typically associated with higher property values.
6. Sqft Lot:The size of the lot in square feet. Larger lots may increase a property’s desirability and value.
7. Floors: The number of floors in the property. Properties with multiple floors may offer more living space and appeal.
8. Waterfront: A binary indicator (1 if the property has a waterfront view, 0 other- wise). Properties with waterfront views are often valued higher.
9. View: An index from 0 to 4 indicating the quality of the property’s view. Better views are likely to enhance a property’s value.
10. Condition: An index from 1 to 5 rating the condition of the property. Properties in better condition are typically worth more.
11. Sqft Above: The square footage of the property above the basement. This can help isolate the value contribution of above-ground space.
12. Sqft Basement: The square footage of the basement. Basements may add value depending on their usability.
13. Yr Built: The year the property was built. Older properties may have historical value, while newer ones may offer modern amenities.
14. Yr Renovated: The year the property was last renovated. Recent renovations can increase a property’s appeal and value.
15. Street: The street address of the property. This feature can be used to analyze location-specific price trends.
16. City: The city where the property is located. Different cities have distinct market dynamics.
17. Statezip: The state and zip code of the property. This feature provides regional context for the property.
18. Country: The country where the property is located. While this dataset focuses on properties in Australia, this feature is included for completeness.

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Graph and download economic data for Commercial Real Estate Prices for Australia (COMREPAUQ159N) from Q4 2005 to Q4 2021 about Australia, real estate, commercial, and rate.

Sydney had the highest median house value compared to other capital cities in Australia as of April 2025, with a value of over **** million Australian dollars. Brisbane similarly had relatively high average residential housing values, passing Canberra and Melbourne to top the pricing markets for real estate across the country alongside Sydney. Housing affordability in Australia Throughout 2024, the average price of residential dwellings remained high across Australia, with several capital cities breaking price records. Rising house prices continue to be an issue for potential homeowners, with many low- and middle-income earners priced out of the market. In the fourth quarter of 2024, Australia’s house price-to-income ratio declined slightly to ***** index points. With the share of household income spent on mortgage repayments increasing alongside the disparity in supply and demand, inflating construction costs, and low borrowing capacity, the homeownership dream has become an unattainable prospect for the average person in Australia. Does the rental market offer better prospects? Renting for prolonged periods has become inevitable for many Australians due to the country’s largely inaccessible property ladder. However, record low vacancy rates and elevated median weekly house and unit rent prices within Australia’s rental market are making renting a less appealing prospect. In financial year 2024, households in the Greater Sydney metropolitan area reported spending around ** percent of their household income on rent.

This project comprises two studies that examine the relationship between investor attention and house prices in the Australian housing market. The first study investigates the correlation between investor attention, measured by the Google Search Volume Index, and house prices in Australia. It uncovers a strong positive correlation, indicating that fluctuations in investor attention closely align with changes in house prices. The study also highlights the predictive potential of investor attention in forecasting housing market trends, supported by behavioural finance principles that emphasise the impact of investor sentiment on asset pricing, particularly in real estate. The second study explores the bidirectional relationship between house prices and investor attention using OLS regression, VAR modeling, Granger causality tests, impulse response functions, and forecast error variance decomposition. The findings confirm that investor attention significantly influences housing prices, and past house prices can also impact current investor attention. In addition, short-term shocks in house prices cause fluctuations in investor attention, although these effects are transient. This study underscores the importance of integrating investor attention with traditional economic factors to better understand and predict housing market dynamics. These empirical studies contribute significantly to the literature on investor attention and housing market dynamics, representing some of the earliest empirical inquiries into the relation between housing market fluctuations and investor attention. By bridging these two critical domains, the research provides valuable insights for policymakers, real estate investors, and market analysts. The findings also lay a foundation for scholars and practitioners to enhance housing market analysis and prediction, offering substantial implications for market forecasting and intervention strategies.

Australian Property Market Insights Dataset: Historical affordability metrics, cash rate impact on lending, supply vs demand analysis, property metrics, first home buyer trends, and lending risk assessment. Official data from ABS, APRA, and RBA (2014-present).

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is valued to increase USD 485.2 billion, at a CAGR of 4.5% from 2024 to 2029. Growing residential sector globally will drive the residential real estate market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 55% growth during the forecast period.
By Mode Of Booking - Sales segment was valued at USD 926.50 billion in 2023
By Type - Apartments and condominiums segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 41.01 billion
Market Future Opportunities: USD 485.20 billion
CAGR : 4.5%
APAC: Largest market in 2023

Market Summary

The market is a dynamic and ever-evolving sector that continues to shape the global economy. With increasing marketing initiatives and the growing residential sector globally, the market presents significant opportunities for growth. However, regulatory uncertainty looms large, posing challenges for stakeholders. According to recent reports, technology adoption in residential real estate has surged, with virtual tours and digital listings becoming increasingly popular. In fact, over 40% of homebuyers in the US prefer virtual property viewings. Core technologies such as artificial intelligence and blockchain are revolutionizing the industry, offering enhanced customer experiences and streamlined processes.
Despite these advancements, regulatory compliance remains a major concern, with varying regulations across regions adding complexity to market operations. The market is a complex and intriguing space, with ongoing activities and evolving patterns shaping its future trajectory.

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

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How is the Residential Real Estate Market Segmented and what are the key trends of market segmentation?

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.

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The Sales segment was valued at USD 926.50 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 55% 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.

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The market in the Asia Pacific (APAC) region holds a significant share and is projected to lead the global market growth. Factors fueling this expansion include the region's rapid urbanization and increasing consumer spending power. Notably, residential and commercial projects in countries like India and China are experiencing robust development. The residential real estate sector in China plays a pivotal role in the economy and serves as a major growth driver for the market.

With these trends continuing, the APAC the market is poised for continued expansion during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

In the Residential Real Estate Market, understanding the impact property tax rates home values and effect interest rates mortgage affordability is essential for buyers and investors. Key factors affecting home price appreciation and factors influencing housing affordability shape market trends, while the importance property due diligence process and requirements environmental site assessment ensure informed decisions. Investors benefit from methods calculating rental property roi, process home equity loan application, and benefits real estate portfolio diversification. Tools like property management software efficiency and techniques effective property marketing help tackle challenges managing rental properties. Additionally, strategies successf

The Australian luxury residential property market is estimated to have a market size of 23.88 million in 2025, with a projected CAGR of 5.75% from 2025 to 2033. The market is driven by the increasing demand for luxury properties from wealthy individuals and families, both domestic and international. Other key drivers include low interest rates, strong economic growth, and a growing population of high-net-worth individuals. Key trends in the market include the increasing popularity of apartments and condominiums, the rise of eco-friendly luxury developments, and the growing demand for properties in regional areas. Constraints to the market include the lack of affordable housing, government regulations, and rising construction costs. The market is segmented by type (apartments and condominiums, villas and landed houses) and city (Sydney, Perth, Melbourne, Brisbane, other cities). Major companies in the market include Stunning Homes, Medallion Homes, Summit South West, Atrium Homes, and James Michael Homes. Recent developments include: August 2023: Sydney-based boutique developer Made Property laid plans for a new apartment project along Sydney Harbour amid sustained demand for luxury waterfront properties. The Corsa Mortlake development, positioned on Majors Bay in the harbor city’s inner west, will deliver 20 three-bedroom apartments offering house-sized living spaces and ready access to a 23-berth marina accommodating yachts up to 20 meters. With development approval secured for the project, the company is moving quickly to construction. Made Property expects construction to be completed in late 2025., September 2023: A luxurious collection of private apartment residences planned for a prime double beachfront site in North Burleigh was released to the market for the first time with the official launch of ultra-premium apartment development Burly Residences, being delivered by leading Australian developer David Devine and his team at DD Living. The first stage of Burly Residences released to the market includes prestigious two and three-bedroom apartments – with or without multipurpose rooms – and four-bedroom plus multipurpose room apartments that deliver luxury and space with expansive ocean and beach views.. Key drivers for this market are: 4., Increasing Number of High Net-Worth Individuals (HNWIs). Potential restraints include: 4., Rising Interest Rates. Notable trends are: Ultra High Net Worth Population Driving the Demand for Prime Properties.

The Australia Luxury Residential Property Market is experiencing robust expansion, projected to reach a significant valuation. Driven by a confluence of evolving lifestyle aspirations and robust economic factors, the market is poised for sustained growth. Key drivers include increasing disposable incomes among affluent households, a growing demand for premium amenities and sophisticated designs, and a perception of luxury real estate as a stable and appreciating asset. Furthermore, the influx of high-net-worth individuals, both domestically and internationally, seeking exclusive and well-appointed residences in prime Australian locations is a significant catalyst. The market's trajectory is also influenced by a shift towards smart home technologies, sustainable building practices, and a desire for unique architectural propositions that offer privacy and exclusivity. The current market size stands at an impressive $23.88 million, reflecting the significant value and demand within this elite segment. The luxury residential property market in Australia is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.75% over the forecast period of 2025-2033. This growth will be shaped by distinct market segments, with Apartments and Condominiums, alongside Villas and Landed Houses, representing key areas of activity. Major urban centers such as Sydney, Perth, Melbourne, and Brisbane are anticipated to remain central hubs for luxury property transactions, attracting significant investment and development. However, the market is not without its challenges. Restraints such as rising construction costs, potential fluctuations in global economic conditions, and increasingly stringent regulatory frameworks for property development and foreign investment could temper growth in certain areas. Despite these headwinds, the underlying demand for high-end living, coupled with strategic market initiatives by prominent developers like Metricon Homes and Medallion Homes, suggests a promising outlook for the Australia Luxury Residential Property Market. Key drivers for this market are: 4., Increasing Number of High Net-Worth Individuals (HNWIs). Potential restraints include: 4., Rising Interest Rates. Notable trends are: Ultra High Net Worth Population Driving the Demand for Prime Properties.

Long-term trends have made Australian housing more susceptible to current demand shocks, worsening the housing crisis.

Real estate market trends, property prices, rental yields, and market forecasts