Australia’s real house price index reached 122.9 in the third quarter of 2024, continuing the upward trend since the second quarter of 2023. 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 130.9. 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 exceeded 122 in the third 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, making the prospect of renting less appealing. As of September 2024, the average weekly house rent price in Sydney stood at 775 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 Q3 2024 about Australia, residential, HPI, housing, real, price index, indexes, and price.

Key information about House Prices Growth

• Australia house prices grew 6.6% YoY in Sep 2024, following an increase of 6.7% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Sep 2004 to Sep 2024, with an average growth rate of 6.0%.
• House price data reached an all-time high of 24.1% in Dec 2021 and a record low of -6.1% in Mar 2019.

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.

This dataset provides values for CASE SHILLER HOME PRICE INDEX reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Australia Consumer Price Index (CPI): Sydney: Housing: Rents: Rents data was reported at 136.000 2011-2012=100 in Dec 2024. This records an increase from the previous number of 135.100 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Sydney: Housing: Rents: Rents data is updated quarterly, averaging 60.600 2011-2012=100 from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 136.000 2011-2012=100 in Dec 2024 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.

Australia Consumer Price Index (CPI): Sydney: Housing: New Dwelling Purchase by Owner-Occupiers data was reported at 175.100 2011-2012=100 in Dec 2024. This records a decrease from the previous number of 175.800 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Sydney: Housing: New Dwelling Purchase by Owner-Occupiers data is updated quarterly, averaging 99.500 2011-2012=100 from Jun 1998 (Median) to Dec 2024, with 107 observations. The data reached an all-time high of 175.800 2011-2012=100 in Sep 2024 and a record low of 60.000 2011-2012=100 in Jun 1998. Australia Consumer Price Index (CPI): Sydney: Housing: 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.

House price affordability for Greater Sydney Region. Details on the methodology can be found here: http://blogs.unsw.edu.au/cityfutures/blog/2016/03/where-is-housing-affordable-in-sydney/

Australia Consumer Price Index (CPI): Sydney: Housing: Utilities data was reported at 132.500 2011-2012=100 in Dec 2024. This records a decrease from the previous number of 147.900 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Sydney: Housing: Utilities data is updated quarterly, averaging 41.950 2011-2012=100 from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 156.400 2011-2012=100 in Sep 2023 and a record low of 7.500 2011-2012=100 in Jun 1973. Australia Consumer Price Index (CPI): Sydney: 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): Sydney: Housing: Other data was reported at 150.000 2011-2012=100 in Dec 2024. This records an increase from the previous number of 149.500 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Sydney: Housing: Other data is updated quarterly, averaging 99.500 2011-2012=100 from Jun 1998 (Median) to Dec 2024, with 107 observations. The data reached an all-time high of 150.000 2011-2012=100 in Dec 2024 and a record low of 60.200 2011-2012=100 in Jun 1998. Australia Consumer Price Index (CPI): Sydney: 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.

CoreLogic Dwelling Prices MoM in Australia increased to 0.30 percent in February from 0 percent in January of 2025. This dataset includes a chart with historical data for Australia CoreLogic Dwelling Prices MoM.

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.

The average house price in Nova Scotia in 2024 stood at approximately 447,800 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 one million 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 30 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.

Australia Consumer Price Index (CPI): Sydney: All excl Housing data was reported at 136.000 2011-2012=100 in Dec 2024. This records an increase from the previous number of 135.400 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Sydney: All excl Housing data is updated quarterly, averaging 71.450 2011-2012=100 from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 136.000 2011-2012=100 in Dec 2024 and a record low of 11.700 2011-2012=100 in Sep 1972. Australia Consumer Price Index (CPI): Sydney: All excl 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.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Australia Consumer Price Index (CPI): Housing: Rents: Rents data was reported at 203.800 1989-1990=100 in Jun 2012. This records an increase from the previous number of 201.500 1989-1990=100 for Mar 2012. Australia Consumer Price Index (CPI): Housing: Rents: Rents data is updated quarterly, averaging 107.000 1989-1990=100 from Sep 1972 (Median) to Jun 2012, with 160 observations. The data reached an all-time high of 203.800 1989-1990=100 in Jun 2012 and a record low of 19.400 1989-1990=100 in Sep 1972. Australia Consumer Price Index (CPI): 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.I008: Consumer Price Index: 1989-90=100.

Australia Consumer Price Index (CPI): Sydney: All excl Housing & Insurance & Financial Services data was reported at 135.300 2011-2012=100 in Dec 2024. This records an increase from the previous number of 134.800 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Sydney: All excl Housing & Insurance & Financial Services data is updated quarterly, averaging 90.700 2011-2012=100 from Sep 1989 (Median) to Dec 2024, with 142 observations. The data reached an all-time high of 135.300 2011-2012=100 in Dec 2024 and a record low of 55.200 2011-2012=100 in Sep 1989. Australia Consumer Price Index (CPI): Sydney: All excl Housing & Insurance & Financial 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.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

Australia Consumer Price Index (CPI): Sydney: Furnishings, Household Equipments & Services: Household Appliances, Utensils & Tools: Tools & Equipments for House & Garden data was reported at 121.500 2011-2012=100 in Dec 2024. This records a decrease from the previous number of 124.300 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Sydney: Furnishings, Household Equipments & Services: Household Appliances, Utensils & Tools: Tools & Equipments for House & Garden data is updated quarterly, averaging 97.500 2011-2012=100 from Sep 1980 (Median) to Dec 2024, with 178 observations. The data reached an all-time high of 124.300 2011-2012=100 in Sep 2024 and a record low of 35.400 2011-2012=100 in Sep 1980. Australia Consumer Price Index (CPI): Sydney: Furnishings, Household Equipments & Services: Household Appliances, Utensils & Tools: Tools & Equipments for House & Garden 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.

居民消费价格指数：悉尼：住房：租金在12-01-2024达136.0002011-2012=100，相较于09-01-2024的135.1002011-2012=100有所增长。居民消费价格指数：悉尼：住房：租金数据按季更新，09-01-1972至12-01-2024期间平均值为60.6002011-2012=100，共210份观测结果。该数据的历史最高值出现于12-01-2024，达136.0002011-2012=100，而历史最低值则出现于09-01-1972，为8.5002011-2012=100。CEIC提供的居民消费价格指数：悉尼：住房：租金数据处于定期更新的状态，数据来源于Australian Bureau of Statistics，数据归类于全球数据库的澳大利亚 – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities。

居民消费价格指数：悉尼：住房：公用事业：燃气和其他家用燃料在12-01-2024达176.5002011-2012=100，相较于09-01-2024的168.8002011-2012=100有所增长。居民消费价格指数：悉尼：住房：公用事业：燃气和其他家用燃料数据按季更新，09-01-1989至12-01-2024期间平均值为75.0502011-2012=100，共142份观测结果。该数据的历史最高值出现于12-01-2024，达176.5002011-2012=100，而历史最低值则出现于09-01-1989，为34.9002011-2012=100。CEIC提供的居民消费价格指数：悉尼：住房：公用事业：燃气和其他家用燃料数据处于定期更新的状态，数据来源于Australian Bureau of Statistics，数据归类于全球数据库的澳大利亚 – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities。

居民消费价格指数：悉尼：住房：公用事业：水和污水处理在12-01-2024达115.5002011-2012=100，相较于09-01-2024的115.5002011-2012=100保持不变。居民消费价格指数：悉尼：住房：公用事业：水和污水处理数据按季更新，06-01-1998至12-01-2024期间平均值为99.4002011-2012=100，共107份观测结果。该数据的历史最高值出现于06-01-2024，达115.6002011-2012=100，而历史最低值则出现于06-01-1998，为47.1002011-2012=100。CEIC提供的居民消费价格指数：悉尼：住房：公用事业：水和污水处理数据处于定期更新的状态，数据来源于Australian Bureau of Statistics，数据归类于全球数据库的澳大利亚 – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities。