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.

Average House Prices in Australia increased to 1002.50 AUD Thousand in the first quarter of 2025 from 995.60 AUD Thousand in the fourth quarter of 2024. This dataset includes a chart with historical data for Australia Mean Dwelling Price.

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.

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.

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.

Residential Property Prices in Australia increased 5.45 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Australia Residential Property Prices.

Australia Standardised Price-Income Ratio: sa data was reported at 149.268 Ratio in Dec 2024. This records a decrease from the previous number of 152.371 Ratio for Sep 2024. Australia Standardised Price-Income Ratio: sa data is updated quarterly, averaging 82.643 Ratio from Mar 1970 (Median) to Dec 2024, with 220 observations. The data reached an all-time high of 153.422 Ratio in Jun 2024 and a record low of 62.554 Ratio in Sep 1983. Australia Standardised Price-Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

In the June quarter of 2024, the average residential property price in Queensland exceeded 885 thousand Australian dollars. This marked the highest quarterly mean dwelling price in Queensland during the reported period.

This report analyses the price of residential housing in Australia. This is measured by taking the average of the residential property price index produced by the Australian Bureau of Statistics (ABS). The index is an aggregation of an established house price index and an attached dwellings price index. The index measures the price change in all residential dwellings in Australia's eight major capital cities. The data for this report is sourced from the ABS and has an index base year of 2011-12.

Australia Standardised Price-Rent Ratio: sa data was reported at 168.732 Ratio in Dec 2024. This records a decrease from the previous number of 171.919 Ratio for Sep 2024. Australia Standardised Price-Rent Ratio: sa data is updated quarterly, averaging 70.511 Ratio from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 189.671 Ratio in Mar 2022 and a record low of 48.119 Ratio in Sep 1972. Australia Standardised Price-Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by rent price indices. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

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.

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.

Provides estimates of changes in house prices in each of the eight capital cities of Australia. The information is presented in the form of price indexes constructed separately for established …Show full descriptionProvides estimates of changes in house prices in each of the eight capital cities of Australia. The information is presented in the form of price indexes constructed separately for established houses and for project homes.

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

House price index in Australia, December, 2024 The most recent value is 195.13 index points as of Q4 2024, an increase compared to the previous value of 194.75 index points. Historically, the average for Australia from Q1 1990 to Q4 2024 is 86.77 index points. The minimum of 28.24 index points was recorded in Q1 1990, while the maximum of 195.13 index points was reached in Q4 2024. | TheGlobalEconomy.com

Quarterly median house prices for metropolitan Adelaide by suburb

Australia House Price Index: Nominal: sa data was reported at 155.820 2015=100 in Sep 2024. This records an increase from the previous number of 152.732 2015=100 for Jun 2024. Australia House Price Index: Nominal: sa data is updated quarterly, averaging 26.614 2015=100 from Mar 1970 (Median) to Sep 2024, with 219 observations. The data reached an all-time high of 155.820 2015=100 in Sep 2024 and a record low of 2.459 2015=100 in Mar 1970. Australia House Price Index: Nominal: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Whole country; Seasonnally adjusted by OECD, using the X-12 ARIMA method;

Urban housing location and locational amenities play an important role in median house price distribution and growth among the suburbs of many metropolitan cities in developed countries, such as Australia. In particular, distance from the central business district (CBD) and access to the transport network plays a vital role in house price distribution and growth over various suburbs in a city. However, Australian metropolitan cities have experienced increases in housing prices by up to 120% over the last 20 years, and the growth pattern was different across all suburbs in a city, such as in Melbourne. Therefore, this study examines the impacts of locational amenities on house price changes across various suburbs in Melbourne over the three census periods of 2006, 2011, and 2016, and suggests some strategic guidelines to improve the availability and accessibility of locational amenities in the suburbs with less concentrated amenities. This study chose three Local Government Areas (LGAs) of Maribyrnong, Brimbank and Wyndham in Melbourne. Each LGA has been selected as a case study because many low-income people live in these LGAs’ areas. Further, some suburbs of these LGAs have maintained similar housing prices for an extended time, while some have not.The study applied a quantitative spatial methodology to examine the housing price distribution and growth patterns by evaluating the concentration and accessibility of locational urban amenities using GIS-based techniques and a spatial data set. The spatial data analyses were performed by spatial statistics methods to measure central tendency, Local Moran’s I of LISA clustering, Kernel Density Estimation (KDE), Kernel Density Smoothing (KDS). These tests were used to find the patterns of house price distribution and growth. The study also identified the accessibility of amenities in relation to median house price distribution and growth. Spatial Autoregressive Regression (SAR), Spatial Lag, and Spatial Errors models were used to identify the spatial dependencies to test the statistical significance between the median house price and the concentration and access of local urban amenities over the three census years.This study found three median house price distribution and growth patterns among the suburbs in the three selected LGAs. There are growth differences in the median house price for different census years between 2006 and 2011, 2011 and 2016, and 2006 and 2016. The Low-High (LH) median house price distribution clusters between 2006 and 2011 became High-High (HH) clusters between the census years 2011 and 2016, and 2006 and 2016. The median house price growth rate increased significantly in the census years between 2006 and 2011. Most of the HH median house price distribution and growth clusters’ tendencies were closer to the Melbourne CBD. On the other hand, the Low-Low (LL) distribution and growth clusters were closer to Melbourne’s periphery. The suburbs located further away had low access to amenities. The HH median house price clusters are located closer to stations and educational institutes. Better access to locational amenities led to more significant HH median house price clusters, as the median house price increased at an increasing rate between 2011 and 2016. The HH median house price clusters recorded more growth between 2006 and 2016. The suburbs with train stations had better access to most other locational amenities. Almost all HH median house price clusters had train stations with higher access to amenities.There was a consistent relationship between median house price distribution, growth patterns, and locational urban amenities. The spatial lag and spatial error model tests showed that between 2006 and 2011, and 2006 and 2016, there were differences in the amenities. Still, these did not affect the outcomes in observations, and were related only to immeasurable factors for some reason. Therefore, the higher house price in the neighbouring suburb could increase the price in that suburb. The research also found from the regression analysis that highly significant amenities confirming travel time to the CBD by bus, and distance to the CBD, were negatively related in all three previous census years. This negative relationship estimates that the house price growth is lower when the distance is longer. Due to this travel to the CBD by bus is not a popular option for households. The train stations are essential for high house price growth. The house price growth is low when homes are further away from train stations and workplaces.This thesis has three contributions. Firstly, it uses the Rational Choice Theory (RCT), providing a theoretical basis for analysing households’ mutually interdependent preferences of urban amenities that are found to regulate house price growth clusters. Secondly, the methodological contribution uses the GIS-defined cluster mapping and spatial statistics in queries and reasoning, measurements, transformations, descriptive summaries, optimisation, and hypothesis testing models between house price distribution and growth, and access to urban locational amenities. Thirdly, this research contributes to designing practical guidelines to identify local urban amenities for planning local area development.Overall, this thesis demonstrates that the median house price distribution and growth patterns are highly correlated with the concentration and accessibility of locational urban amenities among the suburbs in three selected LGAs in Melbourne over the three census years (i.e., 2006, 2011, and 2016). The findings bring to the fore the need for research at the local and state levels to identify specific amenities relevant to the middle-class house distribution strategy, which can be helpful for investors, estate agents, town planners, and builders as partners for effective local development. The future study might use social, psychological, and macroeconomic variables not considered or used in this research.

As of April 2025, regional New South Wales had the highest median residential housing value compared to other regional areas in Australia, with a median house value of around 791,573 Australian dollars. Regional Queensland followed, with a median residential house value of around 724,916 Australian dollars.

Firms in the Real Estate Investment Trusts industry manage publicly listed trusts, focusing largely on commercial property. These trusts typically trade as stapled securities listed on the ASX. Real Estate Investment Trusts (REITs) in the industry purchase and manage retail, office, industrial and other types of property. REITs generate rental income by leasing properties to businesses and investment income through developing or selling properties. Rental income generated by REITs is relatively stable, while investment income can fluctuate significantly every year. Despite volatile operating conditions in recent years, industry firms have benefited from growth in the number of businesses and low borrowing costs over the two years through 2021-22, enabling many industry REITs to expand their property portfolios. Nonetheless, aggressive cash rate hikes, particularly during 2022-23, impacted the industry's performance by increasing borrowing costs and constraining expansion efforts. Industry-wide revenue has been growing at an annualised 0.9% over the past five years and is expected to total $20.9 billion in 2024-25, when revenue will rise by an estimated 1.7%. The industry has faced volatile trading conditions in recent years, with the COVID-19 pandemic creating significant demand disruptions in key product segments, including retail and office property markets. Industry enterprises have inched downwards in recent years due to acquisition activity among some of the industry's larger firms. Nonetheless, several new REITs have been listed on the ASX over the past few years, supporting growth in industry establishments. REITs are set to benefit from rising demand for commercial property over the coming years. Economic conditions will stabilise, with demand for retail and office property poised to climb. Some industrial companies are set to reshore manufacturing activities or retain more inventory to ensure the reliability of supply chains. This trend will boost demand for industrial property. Rising demand across key property segments will enable REITs to implement rent increases, supporting revenue growth and industry profitability over the period. Overall, industry revenue is forecast to grow at an annualised 3.8% over the five years through 2029-30 to total $25.2 billion.