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.

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.

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.

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.

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.

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.

As of April 2025, Sydney had the highest median residential property value compared to other capital cities in Australia, with an average dwelling value of around **** million Australian dollars. Brisbane followed, with a median residential dwelling value of around ******* Australian dollars.

Key information about Australia Gold Production

• Australia Real Residential Property Price Index was reported at 134.266 2010=100 in Sep 2024.
• This records an increase from the previous number of 132.982 2010=100 for Jun 2024.
• Australia Real Residential Property Price Index data is updated quarterly, averaging 49.675 2010=100 from Mar 1970 to Sep 2024, with 219 observations.
• The data reached an all-time high of 141.875 2010=100 in Mar 2022 and a record low of 31.307 2010=100 in Mar 1970.
• Australia Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

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.

The Residential Property Price Index in Australia rose by 4.7 percent qoq in Q4 2021, above market consensus of 3.9 percent and after a 5.0 percent growth in Q3. This was the sixth straight quarter of growth in property prices, supported by record-low interest rates and strong demand. The strongest quarterly price increases were recorded in Brisbane (9.6 percent), followed by Adelaide (6.8 percent), Hobart (6.5 percent), and Canberra (6.4 percent). Through the year to Q4, the index jumped to a record high of 23.7 percent, with Hobart, Canberra, Brisbane, Sydney, and Adelaide having the largest annual rise since the commencement of the series; while Melbourne had the largest annual rise since Q2 2010. This dataset includes a chart with historical data for Australia House Price Index QoQ.

The house price-to-income ratio in Australia was ***** as of the first quarter of 2025. 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.

In the first quarter of 2025, the house price-to-rent ratio in Australia was estimated at ***, marking a decrease from the same quarter of the previous year. An indicator of how strong the property market is, the house price-to-rent ratio was calculated by dividing nominal house prices by rent price indices. Within the given period, after reaching a peak in the first quarter of 2022, the price-to-rent ratio decreased each quarter until the second quarter of 2023. From then on, the house price-to-rent ratio fluctuated, but largely trended downwards. Is Australia in a property bubble? Many industry experts believe the country is in a property bubble, indicated by the rapid increase in Australian property market prices to the point that they are no longer relative to incomes and rents, followed by a decline. The house price-to-income ratio was on an upward trend between the third quarter of 2022 and the second quarter of 2024. Nonetheless, after hitting its peak, it declined to ***** in the fourth quarter of 2024. Rental property demand In March 2025, the rental vacancy rate, which indicates how many properties are available for rent out of all the rental stock, was relatively high in Melbourne, Canberra, and Sydney. That year, the average weekly rent prices varied across the country depending on the city, with the highest average weekly rents for houses and units in Sydney. Hobart, on the other hand, had the most affordable rental properties across Australia's capital cities.

The Australian luxury residential property market, valued at $23.88 billion in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.75% from 2025 to 2033. This expansion is fueled by several key drivers. Strong economic performance in key cities like Sydney, Melbourne, and Brisbane, coupled with a burgeoning high-net-worth individual (HNWI) population, continues to underpin demand for premium properties. Furthermore, a limited supply of luxury housing stock in prime locations, combined with increasing preference for spacious, high-amenity homes, particularly villas and landed houses, contributes to sustained price appreciation. While rising interest rates present a potential restraint, the resilience of the luxury market segment, driven by wealthier buyers less susceptible to interest rate fluctuations, is expected to mitigate this effect. The market is segmented by property type (apartments/condominiums versus villas/landed houses) and location, with Sydney, Melbourne, and Brisbane dominating market share, reflecting their established luxury real estate markets and strong economic activity. Prominent developers like Metricon Homes, James Michael Homes, and others cater to this discerning clientele, offering bespoke designs and high-end finishes. The sustained growth trajectory indicates a promising outlook for investors and developers alike, although careful consideration of macroeconomic factors and regulatory changes will remain crucial. The forecast period (2025-2033) anticipates consistent market expansion, driven by ongoing demand from both domestic and international high-net-worth individuals. While the "Other Cities" segment demonstrates potential for growth, Sydney, Melbourne, and Brisbane are likely to maintain their dominant positions due to existing infrastructure, established luxury markets, and lifestyle appeal. The preference for villas and landed houses is expected to remain strong, reflecting a shift towards larger properties with increased privacy and outdoor space. However, the market will likely see some adjustments in response to economic conditions, including potential shifts in buyer preferences and developer strategies to meet evolving market demands. Maintaining a keen understanding of these dynamics will be critical for navigating the complexities of this dynamic market. 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., Increasing Number of High Net-Worth Individuals (HNWIs). Notable trends are: Ultra High Net Worth Population Driving the Demand for Prime Properties.

The Australia Luxury Residential Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Apartments & Condominiums and Villas & Landed Houses), by Mode of Sale (Primary New-Build and Secondary Existing-Home Resale), and by Key Cities (Sydney, Melbourne, Brisbane, Perth and the Rest of Australia). The Market Forecasts are Provided in Terms of Value (USD).

CoreLogic Dwelling Prices MoM in Australia increased to 0.90 percent in September from 0.80 percent in August of 2025. This dataset includes a chart with historical data for Australia CoreLogic Dwelling Prices MoM.

In 2022, Sydney was listed as the second-least affordable city worldwide in terms of housing affordability, as well as the most unaffordable capital city for houses in Australia, with a median multiple house price relative to income value of ****, meaning that housing prices in Sydney were over ** times the average annual gross median household income.

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/

Australia real estate market value reached around USD 136.50 Billion in 2024, driven by robust demand for residential properties. Recovering of economy has led to a surge in housing demand, particularly in major cities like Sydney, Brisbane, and Perth, where property values have reached record highs. Additionally, low interest rates and favourable lending conditions have made homeownership more accessible, further fuelling market activity. As a result, the industry is expected to grow at a CAGR of 3.60% during the forecast period of 2025-2034 to attain a value of USD 194.42 Billion by 2034. Government incentives and infrastructure developments are also expected to stimulate investment in real estate.

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

The Australian commercial real estate market, valued at $34.07 billion in 2025, is projected to experience robust growth, with a compound annual growth rate (CAGR) of 8.46% from 2025 to 2033. This expansion is driven by several key factors. Strong population growth and urbanization in major cities like Sydney, Melbourne, and Brisbane are fueling demand for office, retail, and industrial spaces. The burgeoning e-commerce sector is significantly boosting demand for logistics and warehousing facilities, particularly in strategically located areas surrounding major urban centers. Furthermore, government initiatives promoting infrastructure development and attracting foreign investment are contributing positively to the market's overall health. The hospitality sector, while still recovering from the pandemic, shows signs of a steady uptick, driven by increased tourism and domestic travel. While rising interest rates and potential economic slowdowns pose some restraints, the underlying strength of the Australian economy and the long-term positive demographic trends are expected to outweigh these challenges. The market is segmented by property type (office, retail, industrial & logistics, hospitality, and other) and by city (Sydney, Melbourne, Brisbane, Adelaide, Canberra, and Perth), with Sydney and Melbourne holding the largest market shares. Key players include Pact Construction, Mirvac, Pellicano Builders, Stockland, Frasers Property, and Lendlease, amongst others, actively shaping the market's landscape through development and investment. The forecast period (2025-2033) anticipates continued expansion across all segments. However, the growth trajectory might see some moderation in the later years depending on the global economic climate and national policy changes. The industrial and logistics sector is poised for particularly strong growth due to the sustained rise in e-commerce activity and supply chain optimization efforts. The office sector's growth might be influenced by the evolving work-from-home dynamics and the adoption of hybrid working models, potentially favoring flexible and high-quality office spaces. Retail real estate will likely witness dynamic shifts as consumer preferences evolve, with demand for experiential retail and specialized offerings gaining traction. Understanding these nuanced sector-specific trends is critical for investors and developers to successfully navigate the Australian commercial real estate market. Australia Commercial Real Estate Market: A Comprehensive Forecast 2019-2033 This insightful report provides a detailed analysis of the Australian commercial real estate market, covering the period 2019-2033. With a focus on key segments like office, retail, industrial and logistics, and hospitality, across major cities including Sydney, Melbourne, Brisbane, Adelaide, Canberra, and Perth, this report is crucial for investors, developers, and industry professionals seeking to navigate this dynamic market. The report utilizes data from the historical period (2019-2024), with the base year set at 2025, and forecasts extending to 2033. Key players like Stockland, Mirvac, Frasers Property, Lendlease Corporation, and Scentre Group Limited are analyzed, providing a comprehensive overview of market trends and future projections. The report offers valuable insights into market concentration, emerging trends, and growth catalysts, ultimately assisting informed decision-making within the Australian commercial real estate landscape. Key drivers for this market are: Rapid Urbanization, Government Initiatives Actively promoting the Construction Activities. Potential restraints include: Shortage of Skilled Labor, Supply chain issues and rising material costs. Notable trends are: Retail real estate is expected to drive the market.

Australia Consumer Price Index (CPI): Sydney: Housing: Rents data was reported at 137.200 2011-2012=100 in Mar 2025. This records an increase from the previous number of 136.000 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Sydney: Housing: Rents data is updated quarterly, averaging 60.800 2011-2012=100 from Sep 1972 (Median) to Mar 2025, with 211 observations. The data reached an all-time high of 137.200 2011-2012=100 in Mar 2025 and a record low of 8.500 2011-2012=100 in Sep 1972. Australia Consumer Price Index (CPI): Sydney: Housing: Rents data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.