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Rental, hiring and real estate service industry gross value added Australia 2014-2023 Gross value added (GVA) by the rental, hiring, and real estate services industry in Australia from 2014 to ...
- Residential Real Estate Underpins Australia's Wealth
- The Pace of Quarterly Growth Continue to Tick Higher in May
- Our Capital City Markets Are Fragmented
- Each State Is Running Its Own Race
- Here's How Many Properties Are For Sale at The Moment
- National Sales Activity Continues to Trend Higher
- We've Moved Into A More Balanced Market
- Vendor Discounting
- The Combined Capital Cities Clearance Rate Has Gradually Trended Lower
- We're Experiencing A Rental Market Crisis in Australia
The total value of Australian residential real estate was $10.7 trillion at the end of May 2024.However, outstanding mortgages against all residential housing are only $2.3 trillion - a very comfortable 22% Loan to Value ratio.56.2% of total Aussie household wealth is held in residential property - one of the many reasons neither the banks, the government nor the RBA wants a property crash.The pace of quarterly growth continued to tick higher in May, with values up 1.9%, up from a recent low of 1.1% over the three months to January.Despite the uptick in quarterly growth, annual growth continued to ease from 9.4% over the year to February, to 8.3% over the 12 months to May.Over the three months to May, lower quartile dwelling values (3.0%) rose at more than twice the pace of upper quartile values (1.2%), with growth conditions continuing to be skewed toward the more...However, our property marketsare fragmented and while most segments growing, some are still languishing.At the beginning of this cycle the upper quartile of the market lead the upswing but now the lower quartile across every capital city has recorded a stronger outcome for housing values relative to its upper quartile counterpart over the past quarter. The following chart shows how various segments of each capital city market are performing different...
On the one hand, Perth property values are up 22.0% over the year and are now at a record high.On the other hand, whileMelbourne property values,increased 0.1% over the last month, 1.8% over the last year, and are still -4.0% below the record high, which was in March 2022.In the four weeks to June 2nd, new listings totalled 38,236 nationally.New listings are trending higher than the historic five-year average and higher than this time last year, driven by above-average vendor activity in Sydney and Melbourne in particular.The problem is that very few are A Grade homes or investment grade properties. Owners of quality properties are still holding onto them.At the national level, the total stock for sale was 138,519 over the four weeks to June 2nd.CoreLogic estimates that 42,944 homes were sold in May, taking the rolling annual count to 503,729.Compared to this time last year, annual national estimates are up 7.1% but have eased slightly from an annual peak of 505,623 in the 12 months to April.The national median time on the market was 31 days in the three months to May, which was steady at this time last year.Across the individual capitals, Perth dropped to just 10 days (from 15 days this time last year), while homes are taking longer to sell in Sydney, Melbourne and Hobart.Vendor discounting rates dropped slightly across the combined capital cities market over the three months to May.The median vendor discount was -3.3% over the period, down from -3.2% in the previous month.Despite varied market conditions across the capital cities, vendor discounting was smaller compared to this time last year in most markets.The combined capital cities clearance rate has gradually trended lower since early February, suggesting slightly weaker selling conditions amid high interest rates and a weakening economic environm...In the four weeks ending June 2nd, the combined capital cities clearance rate averaged 65.1%, down from 65.9% in the previous four-week period.We update the weekly auction clearance resultshere each week.The annual change in national rents held steady for a fourth consecutive month at 8.5% in May.Underneath the headline figure, the annual pace of growth in regional rents has accelerated to 6.9% (up from a recent low of 3.7% in the year to September 2023), while the pace of growth in capital...- Australian property market statistics. The Australian property market is made up of approximately 9.9 million private dwellings, with an average of 2.6 residents and 1.8 motor vehicles per dwelling (ABS, 2016)
- Australian home ownership and renter statistics. 67% of Australian homes are owner-occupied, while 32% are rented (AIHW, 2020) In 2017-18, 32% of Australian households rented their home from all landlord types, 27% from a private landlord and 3% from a state or territory housing authority (ABS, 2019)
- Australian first home buyer statistics. 55% of recent first home buyers were households with a reference person under 35 years old (ABS, 2019) The mean age of first home buyers has increased.
- Australian property investment statistics. 15.7% of Australian taxpayers own an investment property (PropertyMe, 2020) Around 70% of property investors own one investment property, with an average of 1.28 properties per investor (CoreLogic, 2016)
Sep 12, 2023 · In 2017, there was a slight increase in sales by 2%, and in 2018, tighter credit terms led to a 10% decrease in real estate transactions. As a result, 2018 has delivered antiecord on the number of transactions made for 10 years. Slightly more than 432 thousand registered transactions of purchase and sale of housing.
Statistics. Median unit or apartment sales price Melbourne metropolitan Australia 2015-2024. Most expensive suburbs for capital city apartments Australia 2023, by median value. Average rental ...
Feb 2, 2024 · Quarterly real house price index Australia 2019-2024 Real house price index in Australia from 1st quarter 2019 to 1st quarter 2024 Premium Statistic Quarterly rent price index Australia 2019-2024
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The latest data on housing in Australia, from 35 key national datasets. Choose from 82 dashboard tiles and use the interactive displays to dig deeper into the data. Export or share your customised dashboard. Each data tile is a gateway to the data source, where detailed analysis, data quality information and additional data are presented.
