Base Year
Historical Year
Forecast Year
Value in AUD Billion
2024-2032
Australia Real Estate Market Outlook
*this image is indicative*
Based on property, the Australia real estate market growth is driven by residential property.
The increasing population, household formation and migration have been driving the residential property segment in the real estate market. According to the Australian Bureau of Statistics (ABS), the value of construction work done in New South Wales and Victoria has been estimated to be AUD 19,557.7 million and AUD 16,403.3 million in the December quarter of 2023, thus indicating the substantial growth in Australia real estate market. Simultaneously, the value of non-residential construction work completed in Australia increased to AUD14,369.9 million in the December quarter of 2023.
The Australia real estate market developments have led to the growing emphasis on sustainable and green buildings. Companies integrating energy-efficient designs and sustainable development practices to reduce carbon footprints and meet sustainability targets. Allianz Australia and the Green Building Council of Australia have developed Green Specs – a digital platform with sustainable improvements that enables consumers to explore the rooms of a digital floorplan and learn new ways to make their homes more sustainable.
Australia Real Estate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Property
Market Breakup by Business
Market Breakup by Region
Homeownership remains a significant goal for many individuals and families, driven by factors such as stability, equity accumulation, and the desire for personalisation and control over living spaces. Sales offer the potential for property appreciation and the ability to leverage real estate assets for financial growth. While rentals provide flexibility and are preferred by some who prioritise mobility or temporary living arrangements, ownership through sales typically dominates due to its long-term benefits and potential for wealth accumulation.
The growth of the real estate market is fuelled by increasing population, household formation, migration, and a growing need for sustainable and green buildings.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 6.70% between 2024 and 2032.
Based on the type, the real estate market is bifurcated into residential, commercial, and industrial.
Key players in the industry are Hauss Pty Ltd., The Agency, McKean McGregor Pty Ltd., Harris Real Estate Pty Limited, McGrath Limited, eXp Australia Pty Ltd., CBRE Pty Limited, and Luxury Real Estate Agents among others.
Based on business, the real estate market is divided into sales and rental.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Property |
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| Breakup by Business |
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| Breakup by Region |
|
| Market Dynamics |
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| Price Analysis: |
|
| Competitive Landscape |
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| Companies Covered |
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