39 datasets found
  1. Quarterly mean residential property price Australia 2014-2024

    • statista.com
    Updated May 19, 2025
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    Statista (2025). Quarterly mean residential property price Australia 2014-2024 [Dataset]. https://www.statista.com/statistics/1030525/australia-residential-property-value/
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    Dataset updated
    May 19, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Dec 2014 - Dec 2024
    Area covered
    Australia
    Description

    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.

  2. Australia Real Estate Dataset

    • kaggle.com
    Updated Nov 25, 2023
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    smmmmmmmmmmmm (2023). Australia Real Estate Dataset [Dataset]. https://www.kaggle.com/datasets/smmmmmmmmmmmm/australia-real-estate-dataset
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    CroissantCroissant is a format for machine-learning datasets. Learn more about this at mlcommons.org/croissant.
    Dataset updated
    Nov 25, 2023
    Dataset provided by
    Kagglehttp://kaggle.com/
    Authors
    smmmmmmmmmmmm
    License

    MIT Licensehttps://opensource.org/licenses/MIT
    License information was derived automatically

    Area covered
    Australia
    Description

    The dataset "aus_real_estate.csv" encapsulates comprehensive real estate information pertaining to Australia, showcasing diverse attributes essential for property assessment and market analysis. This dataset, comprising 5000 entries across 10 distinct columns, offers a detailed portrayal of various residential properties in cities across Australia.

    The dataset encompasses crucial factors influencing property valuation and purchase decisions. The 'Price' column represents the property's cost, spanning a range between $100,000 and $2,000,000. Attributes such as 'Bedrooms' and 'Bathrooms' highlight the accommodation specifics, varying from one to five bedrooms and one to three bathrooms, respectively. 'SqFt' denotes the square footage of the properties, varying between 800 and 4000 square feet, elucidating their size and spatial dimensions.

    The 'City' column encompasses major Australian urban centers, including Sydney, Melbourne, Brisbane, Perth, and Adelaide, delineating the geographical distribution of the properties. 'State' further categorizes the locations into New South Wales (NSW), Victoria (VIC), Queensland (QLD), Western Australia (WA), and South Australia (SA).

    The dataset encapsulates temporal information through the 'Year_Built' attribute, spanning from 1950 to 2023, providing insights into the age and vintage of the properties. Moreover, property types are delineated within the 'Type' column, encompassing variations such as 'Apartment,' 'House,' and 'Townhouse.' The binary 'Garage' column signifies the presence (1) or absence (0) of a garage, while 'Lot_Area' provides an understanding of the land area, ranging from 1000 to 10,000 square feet.

    This dataset offers a comprehensive outlook into the Australian real estate landscape, facilitating multifaceted analyses encompassing property valuation, market trends, and regional preferences. Its diverse attributes make it a valuable resource for researchers, analysts, and stakeholders within the real estate domain, enabling robust investigations and informed decision-making processes regarding property investments and market dynamics in Australia.

  3. T

    Australia Residential Property Price Index

    • tradingeconomics.com
    csv, excel, json, xml
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    TRADING ECONOMICS, Australia Residential Property Price Index [Dataset]. https://tradingeconomics.com/australia/housing-index
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    csv, xml, json, excelAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Sep 30, 2003 - Dec 31, 2021
    Area covered
    Australia
    Description

    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.

  4. Median residential house value Australia 2025, by capital city

    • statista.com
    Updated May 19, 2025
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    Statista (2025). Median residential house value Australia 2025, by capital city [Dataset]. https://www.statista.com/statistics/1035927/australia-average-residential-house-value-by-city/
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    Dataset updated
    May 19, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Australia
    Description

    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.

  5. D

    Property Acquisition Data

    • data.nsw.gov.au
    • researchdata.edu.au
    https, link
    Updated Sep 23, 2024
    + more versions
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    Transport for NSW (2024). Property Acquisition Data [Dataset]. https://www.data.nsw.gov.au/data/dataset/2-property-acquisition-data
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    link, httpsAvailable download formats
    Dataset updated
    Sep 23, 2024
    Dataset provided by
    Transport for NSW
    Description

    This data is provided by NSW Government Property Acquisitions.

    The NSW Government is committed to delivering a fair, equitable, and consistent land acquisition process that seeks to acquire properties by mutual agreement.

    In the interests of transparency and accountability, the Government collects and publishes key property acquisition data from NSW acquiring agencies, as one means of effectively monitoring the performance of the property acquisition framework.

    The Property Acquisitions website provides you with detailed information about the data available.

    To view the data for each reporting period, select Go to Resource.

  6. D

    Government Property Index - GPI

    • data.nsw.gov.au
    arcgis rest service +2
    Updated Feb 26, 2024
    + more versions
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    NSW Department of Planning, Housing and Infrastructure (2024). Government Property Index - GPI [Dataset]. https://data.nsw.gov.au/data/dataset/government-property-index-gpi
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    arcgis rest service, pdf, zipAvailable download formats
    Dataset updated
    Feb 26, 2024
    Dataset provided by
    Department of Planning, Housing and Infrastructurehttps://www.nsw.gov.au/departments-and-agencies/department-of-planning-housing-and-infrastructure
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    The Government Property Index (GPI) allows the general public to view and search basic information on NSW Government-owned land and view it on a map through the NSW Planning Portal – Spatial Viewer.

    The final dataset was derived through the implementation of the following inputs -

    • GPR

    • Crown Lands (DCDB)

    • National Parks

    • Land Parcels (DCDB)

    • Spatial Services

    • PlanningDB

    • Property (GURAS)

    Furthermore, there are five data fields which are in-scope for the GPI -

    1. Lot / Section / Plan

    2. Address

    3. Area

    4. Zone

    5. Local Government Area (LGA)

    Two special cases are Crown Land data and National Parks data, which were obtained by ‘intersecting’ the land parcels (Lot/Section/Plan) against the Crown Land Polygon and the National Parks (Estate) Polygon respectively.

    Through the combined processing of these inputs into the GPI database, the final spatial data was added onto the NSW Planning Portal – Spatial Viewer for consumption by the public.

  7. D

    Property

    • data.nsw.gov.au
    api
    Updated Nov 13, 2021
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    API NSW (2021). Property [Dataset]. https://data.nsw.gov.au/data/dataset/groups/4-property
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    apiAvailable download formats
    Dataset updated
    Nov 13, 2021
    Dataset provided by
    API NSW
    Description

    If you are thinking of using a real estate agent or property manager, customers should first check that they have a valid licence. This API has been developed to enable real time browsing, verification and obtaining of NSW government property industry licensing information for real estate agents, strata agents, property managers, stock and station agents and more.

  8. Government Property Index - GPI | Dataset | SEED

    • datasets.seed.nsw.gov.au
    Updated Aug 23, 2021
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    datasets.seed.nsw.gov.au (2021). Government Property Index - GPI | Dataset | SEED [Dataset]. https://datasets.seed.nsw.gov.au/dataset/government-property-index-gpi
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    Dataset updated
    Aug 23, 2021
    Dataset provided by
    Government of New South Waleshttp://nsw.gov.au/
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    PlanningDB Property (GURAS) Furthermore, there are five data fields which are in-scope for the GPI - Lot / Section / Plan Address Area Zone Local Government Area (LGA) Two special cases are Crown Land data and National Parks data, which were obtained by ‘intersecting’ the land parcels (Lot/Section/Plan) against the Crown Land Polygon and the National Parks (Estate) Polygon respectively. Through the combined processing of these inputs into the GPI database, the final spatial data was added onto the NSW Planning Portal – Spatial Viewer for consumption by the public. Data and Resources

  9. F

    Residential Property Prices for Australia

    • fred.stlouisfed.org
    json
    Updated Aug 28, 2025
    + more versions
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    (2025). Residential Property Prices for Australia [Dataset]. https://fred.stlouisfed.org/series/QAUN368BIS
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    jsonAvailable download formats
    Dataset updated
    Aug 28, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    Australia
    Description

    Graph and download economic data for Residential Property Prices for Australia (QAUN368BIS) from Q1 1971 to Q1 2025 about Australia, residential, housing, and price.

  10. Median rental yield of houses Australia 2023-2024, by capital city

    • statista.com
    Updated Jul 18, 2025
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    Statista (2025). Median rental yield of houses Australia 2023-2024, by capital city [Dataset]. https://www.statista.com/statistics/1297624/australia-house-rental-yield-by-capital-city/
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    Dataset updated
    Jul 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Sep 2023 - Sep 2024
    Area covered
    Australia
    Description

    As of September 2024, the average rental yield of houses in Sydney, New South Wales, was **** percent. In Darwin, the rental yield for houses measured **** percent, which was the highest across all Australian capital cities during that quarter.

  11. a

    Sales trend data for Jindabyne 2627, based on NSW Valuer General analysed by...

    • areasearch.com.au
    csv
    Updated Aug 6, 2025
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    AreaSearch (2025). Sales trend data for Jindabyne 2627, based on NSW Valuer General analysed by AreaSearch [Dataset]. https://areasearch.com.au/saletrends/Jindabyne_2627
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    csvAvailable download formats
    Dataset updated
    Aug 6, 2025
    Dataset authored and provided by
    AreaSearch
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    Jindabyne
    Description

    This dataset contains annual sales trends history for Jindabyne, 2627 covering median prices, sales volumes, resales capital growth and more. Based on sales data from the NSW Valuer General analysed by AreaSearch.

  12. D

    State Environmental Planning Policy (Housing) 2021

    • data.nsw.gov.au
    arcgis rest service +4
    Updated Feb 26, 2024
    + more versions
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    NSW Department of Planning, Housing and Infrastructure (2024). State Environmental Planning Policy (Housing) 2021 [Dataset]. https://data.nsw.gov.au/data/dataset/state-environmental-planning-policy-housing-2021
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    json, wfs, wms, arcgis rest service, pdfAvailable download formats
    Dataset updated
    Feb 26, 2024
    Dataset provided by
    Department of Planning, Housing and Infrastructurehttps://www.nsw.gov.au/departments-and-agencies/department-of-planning-housing-and-infrastructure
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    The Housing SEPP has made the planning system simpler by consolidating 5 former housing-related policies:

    • State Environmental Planning Policy (Affordable Rental Housing) 2009 (ARHSEPP)
    • State Environmental Planning Policy (Housing for Seniors and People with a Disability) 2004 (Seniors SEPP)
    • State Environmental Planning Policy No 70 - Affordable Housing (Revised Schemes) (SEPP 70)
    • State Environmental Planning Policy No 21 - Caravan Parks
    • State Environmental Planning Policy No 36 - Manufactured Home Estates

    Introducing two new housing types to meet changing needs:

    • Co-living housing
    • Independent living units

    Improving the way existing types of homes are delivered including:

    • Boarding houses
    • Build-to-rent housing
    • Seniors housing

    Including the planning rules for:

    • Caravan parks and manufactured home estates
    • Group homes
    • Retention of existing affordable rental housing
    • Secondary dwellings (sometimes known as granny flats)
    • Social and affordable housing
    • Short term rental accommodation (sometimes known as STRA)
  13. D

    Surcharge purchaser duty 2016-2017

    • data.nsw.gov.au
    • researchdata.edu.au
    • +2more
    excel (.xlsx)
    Updated Sep 13, 2017
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    Department of Customer Service (2017). Surcharge purchaser duty 2016-2017 [Dataset]. https://data.nsw.gov.au/data/dataset/surcharge-purchaser-duty
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    excel (.xlsx)Available download formats
    Dataset updated
    Sep 13, 2017
    Dataset provided by
    Department of Customer Service
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    Released proactively under the Government Information (Public Access) Act 2009.

    Data on Surcharge Purchaser Duty payments for documents lodged between 1 July 2016 and 30 April 2017, by nationality.

    Data is as at 31 August 2017. Please note that data may change retrospectively where a document is embossed or cancelled after the lodgement.

    Background: The 2016 NSW Budget introduced a 4 per cent surcharge purchaser duty on the purchase of residential real estate by foreign persons from 21 June 2016. As a result of the 2017 Budget, for agreements entered into on or after 1 July 2017 the surcharge purchaser duty rate has increased from 4 per cent to 8 per cent. The surcharge is in addition to the duty payable on the purchase of residential property. See http://www.revenue.nsw.gov.au/taxes/spd for more information.

  14. a

    Sales trend data for Bowral 2576, based on NSW Valuer General analysed by...

    • areasearch.com.au
    csv
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    AreaSearch, Sales trend data for Bowral 2576, based on NSW Valuer General analysed by AreaSearch [Dataset]. https://areasearch.com.au/saletrends/Bowral_2576
    Explore at:
    csvAvailable download formats
    Dataset authored and provided by
    AreaSearch
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    Bowral
    Description

    This dataset contains annual sales trends history for Bowral, 2576 covering median prices, sales volumes, resales capital growth and more. Based on sales data from the NSW Valuer General analysed by AreaSearch.

  15. D

    Register of Commercial Office Space for Lease

    • data.nsw.gov.au
    • data.wu.ac.at
    pdf
    Updated Sep 17, 2021
    + more versions
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    Property NSW (2021). Register of Commercial Office Space for Lease [Dataset]. https://data.nsw.gov.au/data/dataset/register-of-commercial-office-space-for-lease
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    pdfAvailable download formats
    Dataset updated
    Sep 17, 2021
    Dataset provided by
    Property NSW
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    Property NSW keeps a Register of Commercial Office Space for Lease, which is intended for information only, and is subject to change and onsite verification. Property NSW does not warrant the accuracy of the information. The rental stated in the register is subject to contract, and reflective of the current market conditions, or the current rent for the premises in the case of premises leased by the Government and available on a sub-lease.

    Information captured by the register includes: • Office space address • Type of space • Net lettable area (m2)

  16. D

    Repealed - State Environmental Planning Policy No 36-Manufactured Home...

    • data.nsw.gov.au
    pdf
    Updated Feb 26, 2024
    + more versions
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    NSW Department of Planning, Housing and Infrastructure (2024). Repealed - State Environmental Planning Policy No 36-Manufactured Home Estates [Dataset]. https://www.data.nsw.gov.au/data/dataset/sepp-manufactured-home-estates
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    pdfAvailable download formats
    Dataset updated
    Feb 26, 2024
    Dataset provided by
    Department of Planning, Housing and Infrastructurehttps://www.nsw.gov.au/departments-and-agencies/department-of-planning-housing-and-infrastructure
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    This is a repealed State Environmental Planning Policy and has been superseded by the State Environmental Planning Policy (Housing) 2021 as part of the Department's initiative to consolidate State Environmental Planning Policies to simplify and provide certainty to the planning system.

    Click here to go to the State Environmental Planning Policy (Housing) 2021 Open Data page: https://www.planningportal.nsw.gov.au/opendata/dataset/state-environmental-planning-policy-housing-2021

    Go to the following link to find out more about the new consolidated SEPPs: https://www.planning.nsw.gov.au/Policy-and-Legislation/State-Environmental-Planning-Policies/Consolidated-state-environmental-planning-policies

    This historical record represents Manufactured Home Estates for State Environmental Planning Policy.

  17. D

    Widemere Estate : Boral Resources (NSW) Pty Ltd

    • data.nsw.gov.au
    • researchdata.edu.au
    pdf
    Updated Mar 13, 2024
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    NSW Department of Planning, Housing and Infrastructure (2024). Widemere Estate : Boral Resources (NSW) Pty Ltd [Dataset]. https://www.data.nsw.gov.au/data/dataset/widemere-estate-boral-resources-nsw-pty-ltda4d01
    Explore at:
    pdfAvailable download formats
    Dataset updated
    Mar 13, 2024
    Dataset provided by
    Department of Planning, Housing and Infrastructurehttps://www.nsw.gov.au/departments-and-agencies/department-of-planning-housing-and-infrastructure
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    Widemere Road, New South Wales
    Description

    This report provides information about the Site, its environmental condition and preferred future land use.

  18. a

    Sales trend data for Padstow 2211, based on NSW Valuer General analysed by...

    • areasearch.com.au
    csv
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    AreaSearch, Sales trend data for Padstow 2211, based on NSW Valuer General analysed by AreaSearch [Dataset]. https://areasearch.com.au/saletrends/Padstow_2211
    Explore at:
    csvAvailable download formats
    Dataset authored and provided by
    AreaSearch
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    Padstow
    Description

    This dataset contains annual sales trends history for Padstow, 2211 covering median prices, sales volumes, resales capital growth and more. Based on sales data from the NSW Valuer General analysed by AreaSearch.

  19. Quarterly rent price index Australia 2020-2025

    • statista.com
    Updated Aug 20, 2025
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    Statista (2025). Quarterly rent price index Australia 2020-2025 [Dataset]. https://www.statista.com/statistics/1239502/australia-rent-price-index/
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    Dataset updated
    Aug 20, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Australia
    Description

    The rent price index in Australia in the first quarter of 2025 was *****, marking an increase from the same quarter of the previous year. Rent prices had decreased in 2020; in Melbourne and Sydney, this was mainly attributed to the absence of international students during the coronavirus outbreak. The current state of the rental market in Australia The rental market in Australia has been marked by varying conditions across different regions. Among the capital cities, Sydney has long been recognized for having some of the highest average rents. As of March 2025, the average weekly rent for a house in Sydney was *** Australian dollars, which was the highest average rent across all major cities in Australia that year. Furthermore, due to factors like population growth and housing demand, regional areas have also seen noticeable increases in rental prices. For instance, households in the non-metropolitan area of New South Wales’ expenditure on rent was around ** percent of their household income in the year ending June 2024. Housing affordability in Australia Housing affordability remains a significant challenge in Australia, contributing to a trend where many individuals and families rent for prolonged periods. The underlying cause of this issue is the ongoing disparity between household wages and housing costs, especially in large cities. While renting offers several advantages, it is worth noting that the associated costs may not always align with the expectation of affordability. Approximately one-third of participants in a recent survey stated that they pay between ** and ** percent of their monthly income on rent. Recent government initiatives, such as the 2024 Help to Buy scheme, aim to make it easier for people across Australia to get onto the property ladder. Still, the multifaceted nature of Australia’s housing affordability problem requires continued efforts to strike a balance between market dynamics and the need for accessible housing options for Australians.

  20. Department of Housing - Redevelopment Proposal for East Fairfield...

    • data.nsw.gov.au
    • researchdata.edu.au
    pdf
    Updated Sep 8, 2021
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    NSW Government (2021). Department of Housing - Redevelopment Proposal for East Fairfield (Villawood) Estate [Dataset]. https://data.nsw.gov.au/data/dataset/3-17941-department-of-housing---redevelopment-proposal-for-east-fairfield--villawood--estate
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    pdfAvailable download formats
    Dataset updated
    Sep 8, 2021
    Dataset provided by
    Government of New South Waleshttp://nsw.gov.au/
    Description

    No notes provided

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Statista (2025). Quarterly mean residential property price Australia 2014-2024 [Dataset]. https://www.statista.com/statistics/1030525/australia-residential-property-value/
Organization logo

Quarterly mean residential property price Australia 2014-2024

Explore at:
Dataset updated
May 19, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Dec 2014 - Dec 2024
Area covered
Australia
Description

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.

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