Quarterly house price to rent ratio Australia 2018-2021
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 has also followed a similar trend, falling to 96.6 percent in the third quarter of 2020, before recovering towards the end of the year.
The rental vacancy rate, which indicates how many properties are available for rent out of all the rental stock, was relatively high in Melbourne and Sydney. Theaverage weekly rent prices varied across the country depending on the city.