Australia’s property market has surged 13 per cent over the past year, reflecting continued pressure from limited housing supply and strong demand.
Brisbane’s median reached $1.01 million in the September 2024 quarter, overtaking Melbourne. Credit: AAP
Median house prices have jumped by $120,000 in just 12 months, rising from $890,000 to $1.01 million, while quarter-on-quarter growth added a further $40,000, up from $970,000.
Victoria’s housing problems have worsened in almost every key measure, according to new report card. Credit: AAP
The longer-term trend is even more pronounced. Over the past five years, major Australian cities have recorded significant price growth:
- Brisbane: 82 per cent growth
- Adelaide: 77 per cent growth
- Perth: 76 per cent growth
- Sydney: 55 per cent growth
- Melbourne: 17 per cent growth
These figures underline the scale of Australia’s housing affordability challenge as price growth continues to outpace new supply.
In this context, large-scale housing initiatives such as AUSMOD20K — targeting the delivery of 20,000 affordable modular homes across Australia — are increasingly aligned with the urgent need to expand housing supply at scale and help ease pressure in rapidly growing markets.
If you would like to
Become a partner of the AUSMOD20K program, please click this link: Partner
Become a supplier for the AUSMOD20K program, please click this link: Supplier
See detailed information at: TIN TỨC
