In 2024, one square meter of greenfield land cost an average of 1,617 Australian dollars in Sydney, marking an increase of over 100 Australian dollars from the previous year. Sydney has one of the highest land price rates for greenfield development in Australia.

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.

In 2024, one square meter of greenfield land cost an average of 992 Australian dollars in South East Queensland, Australia. This was the highest price recorded in the past decade for that region.

In the third quarter of 2024, the average net face rent of industrial property in New South Wales was around 252 Australian dollars per square meter. In comparison, the average net face rent of industrial property in Victoria was around 148 Australian dollars per square meter.

The central business district in Sydney had the highest average capital value of office property in Australia in the second quarter of 2021 with an average capital value of 19,800 Australian dollars per square meter. The central business district in Melbourne had an average capital value of office property of 12,500 Australian dollars per square meter in Australia.

In a comparison of selected cities worldwide, New York had the highest costs for the construction of a multi-unit high-rise building in 2023. That year, such a project cost on average 5,000 U.S. dollars per square meter in New York, but just 400 U.S. dollars per square meter in Kuala Lumpur. Sydney, London, San Francisco, and Los Angeles were also among the most expensive cities too.

The central business district in New South Wales had the highest average net face rent for prime office property in Australia in the third quarter of 2024, with an average rent of 1,224 Australian dollars per square meter. In comparison, Victoria's CBD had an average net face rent of 727 Australian dollars per square meter of office property.

South Sydney had the highest average land value of industrial property with a value of 3,250 Australian dollars per square meter in Australia. City Fringe Melbourne had the second highest average land value of industrial property with a value of 1,750 Australian dollars per square meter.

In Australia, regional retail property had the highest average capital value in the first quarter of 2021 at about 10,500 Australian dollars per square meter. The neighborhood retail property segment had an average capital value of 5,575 Australian dollar per square meter.

Sydney was the markets with the highest rent for industrial and logistics real estate in the Asia-Pacific (APAC) region in the second half of 2023. Sydney had an average net asking rent of over 22 U.S. dollars per square meter per month, eight U.S. dollars above the average rent in the second-ranking market, Brisbane. Rents in India, on the other hand, were substantially lower. In Mumbai, Bangalore, and Delhi, the square meter rent was less than one U.S. dollar.

In the second quarter of 2021, South Sydney had the most expensive net face rent of industrial property in Australia with a net face rent of 213 Australian dollars per square meter. The second highest net face rent was in Central West Sydney with a net face rent of 163 Australian dollars per square meter.

The statistic shows the cost of rent of selected retail streets in Australia and New Zealand in 2014. In that year, the cost of rent to own retail in Pitt Street Mall (Sydney, Australia) was about 732 U.S. dollars per square foot.

In the third quarter of 2024, the average net face rent of super prime CBD retail real estate in New South Wales, Australia was 10,944 Australian dollars per square meter. In Western Australia, the average net face rent of super prime CBD retail properties was 2,830 Australian dollars per square meter.

In the second quarter of 2021, South Sydney had the highest average capital value of industrial property with a value of 5,500 Australian dollars per square meter in Australia. Overall, Sydney had the highest average capital value of industrial property per square meter compared to all other states.

In the third quarter of 2024, the average retail rent of shopping malls in New South Wales, Australia was 1,866 Australian dollars per square meter. In Western Australia, the average rent of regional shopping centers was 1,339 Australian dollars per square meter.