Australia’s real house price index fell to ***** in the fourth quarter of 2024. 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.

The Outlook of the Australian Commercial Property Market Report is Segmented by Type (office, Retail, Industrial and Logistics, Hospitality, and Other Types) and by Key Cities (Sydney, Melbourne, Brisbane, Adelaide, Canberra, and Perth). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

In the fourth quarter of 2024, 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 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 877 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.

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.

Australia Consumer Price Index (CPI): Perth: Housing: Utilities data was reported at 112.400 2011-2012=100 in Mar 2025. This records a decrease from the previous number of 126.100 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Perth: Housing: Utilities data is updated quarterly, averaging 52.300 2011-2012=100 from Sep 1972 (Median) to Mar 2025, with 211 observations. The data reached an all-time high of 148.700 2011-2012=100 in Jun 2024 and a record low of 7.400 2011-2012=100 in Mar 1973. Australia Consumer Price Index (CPI): Perth: Housing: Utilities 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.

Australia Consumer Price Index (CPI): Perth: Housing: Utilities: Electricity data was reported at 73.700 2011-2012=100 in Mar 2025. This records a decrease from the previous number of 101.800 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Perth: Housing: Utilities: Electricity data is updated quarterly, averaging 63.700 2011-2012=100 from Sep 1980 (Median) to Mar 2025, with 179 observations. The data reached an all-time high of 155.900 2011-2012=100 in Jun 2024 and a record low of 23.200 2011-2012=100 in Sep 2022. Australia Consumer Price Index (CPI): Perth: Housing: Utilities: Electricity 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.

The Retirement Living Market in Australia is Segmented by Property Type (Assisted Living, Independent Living, Memory Care, and Nursing Care) and by Cities (Sunshine Coast, Hobart, Melbourne, Perth, South Coast, and Other Cities). The market size and forecast are provided in terms of value (USD billion) for all the above segments.

Australia Consumer Price Index (CPI): Perth: Housing: Other data was reported at 152.500 2011-2012=100 in Mar 2025. This records an increase from the previous number of 152.000 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Perth: Housing: Other data is updated quarterly, averaging 99.750 2011-2012=100 from Jun 1998 (Median) to Mar 2025, with 108 observations. The data reached an all-time high of 152.500 2011-2012=100 in Mar 2025 and a record low of 55.300 2011-2012=100 in Jun 1998. Australia Consumer Price Index (CPI): Perth: Housing: Other 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.

The Australian senior living market, valued at $6.03 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 8.17% from 2025 to 2033. This significant expansion is driven by several key factors. The aging Australian population, with a rising proportion of individuals aged 65 and over requiring assisted living arrangements, is a primary driver. Increased disposable incomes among older Australians and a growing preference for high-quality, amenity-rich retirement communities further fuel market demand. Government initiatives aimed at supporting aged care and improving access to senior living facilities also contribute to market growth. The market is segmented by property type (Assisted Living, Independent Living, Memory Care, Nursing Care) and location, with significant demand across major cities like Melbourne, Perth, and regional areas such as the Sunshine Coast and Hobart. Competition is intense, with established players like Aveo, RSL LifeCare, and Stockland vying for market share alongside smaller, specialized operators. The market's future trajectory is influenced by several trends. The increasing demand for specialized care, particularly for individuals with dementia or Alzheimer's disease, is driving growth in the memory care segment. Technological advancements, such as telehealth and smart home technology, are being integrated into senior living facilities to enhance resident care and independent living capabilities. Furthermore, a growing focus on sustainability and environmentally friendly practices within the industry is shaping future developments. While the market faces challenges, including rising construction costs and labor shortages, the overall outlook remains positive, driven by the long-term demographic trends and increasing demand for high-quality senior living options. The projected market size in 2033, extrapolated from the provided data, indicates a considerable expansion opportunity for both existing and new market entrants. This comprehensive report provides a detailed analysis of the booming Australian senior living market, encompassing the period from 2019 to 2033. With a focus on the estimated year 2025 and a forecast extending to 2033, this study offers invaluable insights for investors, operators, and stakeholders navigating this dynamic sector. We delve deep into market size, segmentation, trends, and future growth potential, considering key players like Aveo, RSL LifeCare, and Stockland, among others. This report utilizes data from the historical period (2019-2024) and establishes a robust base year of 2025. Recent developments include: August 2023: Aware Super has invested an undisclosed amount to acquire the remaining 30% it does not own in Oak Tree Retirement Villages. This senior housing platform owns 48 complexes along Australia's Eastern seaboard., February 2023: Lendlease 'Grove' extension will deliver 45 new two- and three-bedroom independent villas with internal garage access and private covered alfresco entertaining. The project will also include a separate 124-bed residential aged care facility delivered by Arcare Aged Care, offering a continuum of care in high demand in the Ngunnawal region.. Key drivers for this market are: 4., Aging Population4.; Increased Longevity. Potential restraints include: 4., Inadequate Staffing. Notable trends are: Increasing Senior Population and Life Expectancy driving the market.

Australia Consumer Price Index (CPI): Perth: Housing: New Dwelling Purchase by Owner-Occupiers: New Dwelling Purchase by Owner-Occupiers data was reported at 191.800 2011-2012=100 in Dec 2024. This records an increase from the previous number of 190.600 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Perth: Housing: New Dwelling Purchase by Owner-Occupiers: New Dwelling Purchase by Owner-Occupiers data is updated quarterly, averaging 99.200 2011-2012=100 from Jun 1998 (Median) to Dec 2024, with 107 observations. The data reached an all-time high of 191.800 2011-2012=100 in Dec 2024 and a record low of 45.500 2011-2012=100 in Jun 1998. Australia Consumer Price Index (CPI): Perth: Housing: New Dwelling Purchase by Owner-Occupiers: New Dwelling Purchase by Owner-Occupiers 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.