Compare Listings

How Does The Australian Housing Market Rank Against The Rest of The World?

How Does The Australian Housing Market Rank Against The Rest of The World?

The famous real estate saying, it’s all about location, location, location, not only applies to our Australian market, but also at a global level. Where the global housing markets are in no way synchronized, making some countries rank better than others.

With this in mind, it is the perfect opportunity to review how the housing market in Australia stacks up to the world. So where do we stand?

Housing Prices

Australia is tied third with Sweden at 11%, where our arch rivals and neighbours New Zealand rank as the hottest market in world at 13% for home price growth.

Screen Shot 2016-08-17 at 10.24.20 AM

Housing Affordability

Our housing prices are extremely appealing, but how do we compare with the affordability in comparison to the world? Australia sits on third most expensive country at 9%, and New Zealand as the most expensive.

Screen Shot 2016-08-17 at 10.26.08 AM

So, what country is the best value for money?

Interestingly, New Zealand is the hottest real estate market in the world, with housing prices reaching a growth of 13%, and the weakest being Italy at 3% decline. However, the best value for money be Denmark, where affordability is at -5% disposable income, with housing price growth at 6%.

If you’ve enjoyed this article, then Fresh Property Management is here to answer all your questions at 0451 968 195


Braeden Tournier

Related posts

How a Property Manager Can Help Attract Good Rental Tenants.

So you have an investment property and that is step one done and dusted. You have taken the time to...

Continue reading
by Braeden Tournier

Three Things a Good Property Manager in Geelong Should Have.

It takes years of planning, saving and hunting before we can call ourselves homeowners. It takes...

Continue reading
by Braeden Tournier

Why you Should Invest in a Property Manager for your Rentals in Geelong

Perhaps you just bought a new house, or you are finally able to take the step towards renting the...

Continue reading
by Braeden Tournier

Join The Discussion