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 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]

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.

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.

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.

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.

House Price Index YoY in Australia increased to 23.70 percent in the fourth quarter of 2021 from 21.70 percent in the third quarter of 2021. This dataset includes a chart with historical data for Australia Residential Property Price Index YoY.

CoreLogic Dwelling Prices MoM in Australia increased to 0.80 percent in August from 0.60 percent in July of 2025. This dataset includes a chart with historical data for Australia CoreLogic Dwelling Prices MoM.

In December 2023, the Housing Consumer Price Index (CPI) in Sydney, Australia reached 150 index points. The CPI for housing in Australia had experienced a sharp increase over the past year, rising just under 10 index points.

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 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.

Australia Consumer Price Index (CPI): Sydney: Housing data was reported at 180.900 1989-1990=100 in Jun 2012. This records an increase from the previous number of 179.300 1989-1990=100 for Mar 2012. Australia Consumer Price Index (CPI): Sydney: Housing data is updated quarterly, averaging 98.600 1989-1990=100 from Sep 1972 (Median) to Jun 2012, with 160 observations. The data reached an all-time high of 180.900 1989-1990=100 in Jun 2012 and a record low of 16.900 1989-1990=100 in Sep 1972. Australia Consumer Price Index (CPI): Sydney: Housing 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.I009: Consumer Price Index: 1989-90=100: Eight Capital Cities.

Australia Consumer Price Index (CPI): Sydney: Housing: Utilities: Water & Sewerage data was reported at 115.500 2011-2012=100 in Mar 2025. This stayed constant from the previous number of 115.500 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Sydney: Housing: Utilities: Water & Sewerage data is updated quarterly, averaging 99.400 2011-2012=100 from Jun 1998 (Median) to Mar 2025, with 108 observations. The data reached an all-time high of 115.600 2011-2012=100 in Jun 2024 and a record low of 47.100 2011-2012=100 in Jun 1998. Australia Consumer Price Index (CPI): Sydney: Housing: Utilities: Water & Sewerage 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.

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.

Australia Consumer Price Index (CPI): Sydney: Housing: Rents: 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: 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: 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.

As of 2024, the average price of entry level houses in Sydney, Australia came to around ******* Australian dollars, marking an annual increase of over *** percent. Canberra had the second-highest entry house prices across the country's capital cities that year. Prospective first-home buyers in Perth saw the largest annual growth in entry house prices, at over ** percent.

Australia Consumer Price Index (CPI): Sydney: Housing: Other: Property Rates & Charges data was reported at 156.200 2011-2012=100 in Mar 2025. This stayed constant from the previous number of 156.200 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Sydney: Housing: Other: Property Rates & Charges data is updated quarterly, averaging 100.000 2011-2012=100 from Jun 1998 (Median) to Mar 2025, with 108 observations. The data reached an all-time high of 156.200 2011-2012=100 in Mar 2025 and a record low of 56.700 2011-2012=100 in Jun 1998. Australia Consumer Price Index (CPI): Sydney: Housing: Other: Property Rates & Charges 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): Sydney: Household Contents & Services data was reported at 124.300 1989-1990=100 in Jun 2012. This records an increase from the previous number of 122.500 1989-1990=100 for Mar 2012. Australia Consumer Price Index (CPI): Sydney: Household Contents & Services data is updated quarterly, averaging 105.950 1989-1990=100 from Sep 1972 (Median) to Jun 2012, with 160 observations. The data reached an all-time high of 124.800 1989-1990=100 in Sep 2010 and a record low of 23.100 1989-1990=100 in Sep 1972. Australia Consumer Price Index (CPI): Sydney: Household Contents & Services 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.I009: Consumer Price Index: 1989-90=100: Eight Capital Cities.