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.

Graph and download economic data for Real Residential Property Prices for Australia (QAUR628BIS) from Q1 1970 to Q4 2024 about Australia, residential, HPI, housing, real, price index, indexes, and price.

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.

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.

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.

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.

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.

Average House Prices in Australia increased to 1002.50 AUD Thousand in the first quarter of 2025 from 995.60 AUD Thousand in the fourth quarter of 2024. This dataset includes a chart with historical data for Australia Mean Dwelling Price.

In the first quarter of 2025, the house price-to-rent ratio in Australia was estimated at 129, 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 119.2 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.

CoreLogic Dwelling Prices MoM in Australia remained unchanged at 0.60 percent in July. This dataset includes a chart with historical data for Australia CoreLogic Dwelling Prices MoM.

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.

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.

In June 2025, commercial property sale asking prices were forecasted to witness a decrease of around **** percent. Within the given time period, the largest growth in commercial property asking prices was recorded in June 2021.

Graph and download economic data for Housing Inventory: Median Listing Price in Sidney, OH (CBSA) (MEDLISPRI43380) from Jul 2016 to May 2025 about Sidney, OH, listing, median, price, and USA.

The prefabricated housing market, valued at $134.57 billion in 2025, is projected to experience robust growth, driven by increasing urbanization, rising construction costs, and a growing demand for sustainable and efficient housing solutions. The market's Compound Annual Growth Rate (CAGR) of 6.67% from 2025 to 2033 indicates a significant expansion, with the market expected to surpass $250 billion by 2033. Key drivers include the faster construction times offered by prefabrication, reduced labor costs, and improved quality control. Emerging trends, such as modular construction techniques and the integration of smart home technology, are further fueling market expansion. The market is segmented by housing type, with single-family homes and multi-family units representing significant portions of the market share. Leading companies like Daiwa House Industry, Sekisui House, and Asahi Kasei Corporation are driving innovation and market consolidation through technological advancements and strategic partnerships. While regulatory hurdles and public perception regarding prefabricated housing remain as potential restraints, the overall market outlook is overwhelmingly positive, reflecting a shift towards more efficient and sustainable building practices. The regional breakdown of the market shows strong growth potential across all regions, with North America, Asia Pacific, and Europe representing the largest market segments. However, emerging markets in the GCC and Rest of the World regions are also experiencing increasing adoption of prefabricated housing, driven by infrastructural development and government initiatives promoting affordable housing. The historical period (2019-2024) likely exhibited a growth trajectory that laid the foundation for the projected CAGR, and the forecast period (2025-2033) is expected to witness a continued acceleration of growth due to the factors mentioned above. The competitive landscape is dynamic, with both established players and new entrants vying for market share. This dynamic environment is fostering innovation and providing consumers with a wider variety of choices in prefabricated housing solutions. Recent developments include: October 2023: Lendlease and Daiwa House announced a new joint venture marking the start of construction. Lendlease, a global real estate group headquartered in Sydney, will develop and construct the new homes, which have an end value of circa GBP 250 million, and retain a 25% interest in the project, which will be the final stage of residential development at Elephant Park., July 2023: Mastry Ventures and LENx, the venture subsidiary of Lennar, co-invested in Vessel Technologies' next-generation housing product. The Vessel System housing system will focus on reimagining apartment buildings as a consumer product by making them attractive, sustainable, and user-centered at affordable prices. It will achieve results by prefabricating wall and ceiling components in the Vessel's factory, which would cut costs and time as opposed to conventional construction methods.. Key drivers for this market are: Increase FDI in construction in Asia-Pacific, Minimized Construction Wastage. Potential restraints include: Increase FDI in construction in Asia-Pacific, Minimized Construction Wastage. Notable trends are: Expansion Of Prefabricated Housing To Drive The Market.

Graph and download economic data for Housing Inventory: Median Days on Market in Sidney, OH (CBSA) (MEDDAYONMAR43380) from Jul 2016 to May 2025 about Sidney, OH, median, and USA.

The self-storage market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by several key factors. The rising urbanization trend globally, coupled with increased residential mobility and a growing preference for smaller living spaces, fuels the demand for convenient and secure storage solutions. The e-commerce boom also significantly contributes to the market's expansion, as businesses require warehousing space for inventory management and fulfillment. Furthermore, the increasing adoption of cloud-based storage solutions for digital data complements the growth of physical self-storage facilities, creating a diversified market landscape. The market is segmented by user type (personal and business), with both segments exhibiting substantial growth potential. The North American market, particularly the United States, currently dominates the global self-storage landscape due to high residential mobility rates and established infrastructure. However, emerging markets in Asia and Europe show promising growth trajectories, driven by increasing disposable incomes and changing lifestyles. Competition within the market is intense, with major players like U-Haul, Life Storage, and CubeSmart vying for market share through strategic acquisitions, technological advancements, and expansion into new geographical territories. While challenges such as fluctuating real estate prices and economic downturns exist, the long-term outlook for the self-storage market remains positive, projecting a Compound Annual Growth Rate (CAGR) of 3.65% from 2025 to 2033. Despite the positive outlook, certain restraints could impact market growth. These include increasing construction costs, stringent regulations related to environmental impact and zoning, and the potential for economic slowdowns impacting consumer spending. However, innovative solutions such as climate-controlled units, enhanced security features, and flexible lease terms are mitigating these challenges and driving customer acquisition. The ongoing development of specialized self-storage facilities catering to specific needs, like art storage or wine cellars, presents further growth opportunities. The market's resilience is also bolstered by the inherent inelasticity of demand for storage; individuals and businesses require storage solutions irrespective of minor economic fluctuations. The trend towards technology integration, such as online booking platforms and automated access systems, further streamlines operations and improves customer experience, contributing to market expansion. Recent developments include: In March 2024, Singapore's StorHub, a leading self-storage operator, entered the Australian market with the launch of StorHub Australia, supported by a USD 300 million equity commitment. StorHub's Australian platform begins with five properties in Sydney, Melbourne, and Canberra, featuring a combined gross floor area (GFA) of 56,210 square meters. These acquisitions enhance StorHub's presence in Australia and align with its pan-Asia growth strategy, adding 655,000 sq m to its portfolio across seven markets in the Asia-Pacific region., In February 2024, SecureSpace Self Storage announced opening a new self-storage facility, SecureSpace San Bernardino, located in San Bernardino, California. The self-storage facility has a proprietary high-security platform with artificial intelligence-enabled cameras and sensors offering state-of-the-art security and monitoring., In January 2024, Etude Capital, a company of self-storage facilities in the United States, and San Felipe Financing LLC, a private real estate entity, announced the launch of a Joint Venture, Etude Storage Partners, which would invest across the North American self-storage market.. Key drivers for this market are: Increased Urbanization Coupled with Smaller Living Spaces, Changing Business Practices and COVID-19 Consumer Behavior. Potential restraints include: Increased Urbanization Coupled with Smaller Living Spaces, Changing Business Practices and COVID-19 Consumer Behavior. Notable trends are: Personal Storage Segment is Expected to Hold Major Market Share.

The average house price in Nova Scotia in 2024 stood at approximately ******* Canadian dollars. In the next year, house prices are forecast to further increase by about five percent. Compared to other provinces, Nova Scotia ranked below the national average in terms of house prices. However, the average price of a house in Nova Scotia was twice lower than in Ontario or British Columbia. Exploding population growth in recent yearsNova Scotia is the second-smallest province after Prince Edward Island, and had a population of just under *********** in 2018. The population of this province was relatively steady between 2000 and 2015, but has taken off since then. This sudden growth may be a factor in the increasing house prices, as demand also increases due to the greater number of residents looking for homes. The future of housing affordability in Nova ScotiaHalifax, the provincial capital, had an affordable housing market as of 2018, with mortgage payments only constituting about ** percent of average household incomes. The number of housing starts in the region has increased in the past few years, which also suggests an increase in demand. Only time will tell whether this will ensure a sufficient supply of homes for the region in response to its growing population.