Residential housing market in Australia - statistics & facts
Australia's residential housing affordability is in the spotlight. For many people nationwide, the homeownership dream is out of reach, especially in urban centers. Rent cost increases have also made leasing less appealing. Housing costs, encompassing mortgage interest rate movements and cost of rent, were Australian consumers' leading financial concern, according to a November 2024 survey. House prices remain vastly disproportional to income, reflected in the country's steep house price-to-income ratio, and a supply-and-demand disparity has emerged countrywide.
