The Australia Real Estate Market is anticipated to grow at a CAGR of 3.50%; Driven by Expected lower Interest Rate, Government Incentives, and Focus on Improving Customer Confidence.

Australia Real Estate Market Outlook

The Australia real estate market size is projected to grow at a CAGR of 3.50% between 2024 and 2032.

Key Takeaways:

• In January 2024, as per the Australian Bureau of Statistics, new residential construction values increased by 19.4%.

• Australia's construction sector generates over $162 billion annually, representing about 10% of the GDP.

• As per the Australian Bureau of Statistics, non-residential building values surged by 12.4% to $4.92 billion in January 2024

Industrial sector contributes to the Australia real estate market growth

Industrial real estate is highly sought after owing to its vital role in bolstering manufacturing, warehousing, and logistics, particularly accentuated by the expansion of e-commerce. It provides stable income through extended leases, resilience during economic downturns, adaptability to different purposes, flexibility in location, and robust investment prospects for both institutional and individual investors.

Land within real estate presents the potential for value appreciation, diverse development opportunities, scarcity driven by population growth, income generation through leasing, inflation protection, portfolio diversification, tax advantages, and strategic investments in evolving areas, collectively enhancing its appeal to investors.

In February 2024, NAB Green Finance for CRE assisted commercial real estate customers in funding projects aimed at reducing greenhouse gas emissions. Australia's shift towards net zero prompted this initiative, aligning with changing consumer demand and efforts to decarbonize. Approximately 10% of the country's greenhouse gas emissions originated from commercial building operations, highlighting the necessity to mitigate the sector's environmental impact.

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Market Segmentation

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

• Residential

• Commercial

• Industrial

• Others

Market Breakup by Type

• Sales

• Rental

Market Breakup by Region

• South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia real estate market key players 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.

Key Highlights of the Report

Key Questions Answered in the Report:

1.    What is the growth rate of the Australia real estate market?
The market is projected to grow at a CAGR of 3.50% between 2024 and 2032.

2.    What is the breakup of the market based on the property?
The real estate market is categorised according to property, which includes residential, commercial, industrial and others.

3.    What is the breakup of the market according to the type?
The market is divided into types, which include sales and rental.

4.    Who are the key players in the Australia real estate industry, according to the report?
The key players 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.

5.    What is the market breakup by region?
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.

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