Residential Housing Market Australia - Statistics and Facts

It used to be a dream of Australians to own their own home. Nevertheless, this dream seems to be further away than ever. The residential housing market in Australia is unlike how it used to be several decades ago. When it comes to home ownership, Australia underwent a generational change with economic constraints, lifestyle or working choices affecting younger households in particular. Comparing the house price to income ratio of the last ten years, an increase of about ten percent can be observed, making it very difficult for young Australians to afford their own house. Capital cities such as Sydney and Melbourne are top of the list when it comes to property prices, but other major cities such as Adelaide, Perth, Brisbane and Hobart are not far behind. Furthermore, the proportion of houses that are built by the public sector have reached a low compared to the last 30 years.

Another issue concerning the Australian residential property market is the decrease in foreign investors. The boom in real estate sales to foreign investors fell to the lowest proportion in years. This might be owing to the introduction of higher state taxes on foreign investment, but also constraints in the investors' home countries. Capital controls in China limiting the ability for citizens to get their money out of the country, especially for property purchases, might be an explanation for the drop in Chinese demand, for instance.

Considering the median house prices in major Australian cities, it is not surprising that the number of house owners has steadily decreased. Nonetheless, the majority of Australian households still live in separate houses, followed by semi-detached or townhouses and similar dwellings. Of course, rental costs have also risen over the last decade, increasing the problem of affordable housing for young people even more.

In line with the rise in house prices, prices for land have also increased drastically in the last decade. Whereas the price per square meter of land in Sydney reached 560 Australian dollars in 2010, it surged to over 1,200 Australian dollars in 2017. Of course, Sydney tops the list of land prices; it is followed by Melbourne and Perth with land prices reaching 692 and 605 Australian dollars per square meter respectively.

Owing to the increase in property prices, housing finance becomes a bigger issue as well. It used to take between four to six years for homebuyers in major cities to save a deposit and surged to eight to 15 years in recent years. As a consequence, the share of mortgage holders whose home is worth less than the amount they are owing increases and less and less Australians intent to take out a home loan.

Interesting statistics

In the following 4 chapters, you will quickly find the 31 most important statistics relating to "Residential Housing Market in Australia".

Residential housing in Australia

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!

Important key figures

The most important key figures provide you with a compact summary of the topic of "Residential Housing Market in Australia" and take you straight to the corresponding statistics.


Housing finance

Any more questions?

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.