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Australia Luxury Residential Real Estate Market Size, Share: By Type: Villas and Landed Houses, Apartments and Condominiums; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Australia Luxury Residential Real Estate Market Outlook
The Australia luxury residential real estate market size was valued at USD 24.02 billion in 2023. The market is further projected to grow at a CAGR of 5.3% between 2024 and 2032, reaching a value of USD 38.41 billion by 2032.
Key Takeaways
- The Ultra High Net Worth (UHNW) population is increasingly investing in luxury residential properties across Australia.
- According to research, areas like Vaucluse, Double Bay, and Rose Bay in Sydney offer luxurious waterfront villas with stunning views.
- In the 2021 Census, there were a total of 10,852,208 private dwellings counted in Australia. Among these, approximately 70% were separate houses, 13% were townhouses, and 16% were apartments.
The increasing demand for luxury residences in major cities, driven by affluent and foreign buyers seeking high-end properties, significantly impacts Australia luxury residential real estate market growth. Also, the surge in median house prices in Australia's affluent capital cities, surpassing seven figures in the beginning of 2022, reflects the market's growth trajectory. For example, in Sydney, the median house price has accelerated significantly, rising by 5.3% quarter-on-quarter to reach AUD 1,535,869.
Moreover, the rising prices of real estate and annual capital growth in cities like Perth, Brisbane, Gold Coast, Sydney, and Melbourne, along with the emergence of Hobart as a hot property market, contributes to the overall growth of the luxury residential real estate market. For instance, the estimated total value of residential dwellings in Australia reached USD 10,397.1 billion in the December quarter of 2023. This represents an increase of USD 196.8 billion from the previous quarter.
Another trend towards home connectivity and the integration of smart technology in luxury residences, including smart alarms and surveillance systems, positively impacts the Australia luxury residential real estate market development. The rising popularity of internet-connected devices like Google Alexa and Amazon Echo in Australian homes drives the demand for technologically advanced luxury properties, shaping the market's offerings and consumer preferences.
Villas and landed houses represent a segment of the luxury residential real estate market in Australia characterised by features like private gardens, swimming pools, and smart equipment. These properties cater to affluent buyers seeking privacy, elegance, and expansive living spaces.
Apartments and condominiums properties, on the other hand, offer a sophisticated urban living experience with amenities such as concierge services, fitness centres, and panoramic views. These properties appeal to buyers seeking convenience, modern design, and access to city amenities.
Market Segmentation
Australia Luxury Residential Real Estate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Villas and Landed Houses
- Apartments and Condominiums
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Market players aim to provide exclusive properties with superior quality and unique features to cater to affluent buyers through innovative strategies and collaborations.
- Nicon Built
- Novus Homes
- Englehart Homes Pty Ltd.
- Rossdale Homes Pty Ltd.
- Atrium Homes
- Lomma Homes
- Summit Homes Group
- BBS Homes
- Carlisle Homes Pty Ltd.
- Bruin Builders
- Others
Key Highlights of the Report
| 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:
|
| Breakup by Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Luxury Residential Real Estate Market Overview
8.1 Key Industry Highlights
8.2 Australia Luxury Residential Real Estate Historical Market (2018-2023)
8.3 Australia Luxury Residential Real Estate Market Forecast (2024-2032)
9 Australia Luxury Residential Real Estate Market by Type
9.1 Villas and Landed Houses
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Apartments and Condominiums
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Australia Luxury Residential Real Estate Market by Region
10.1 New South Wales
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Victoria
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Queensland
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Australian Capital Territory
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Western Australia
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Nicon Built
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Novus Homes
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Englehart Homes Pty Ltd.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Rossdale Homes Pty Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Atrium Homes
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Lomma Homes
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Summit Homes Group
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 BBS Homes
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Carlisle Homes Pty Ltd.
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 Bruin Builders
12.2.10.1 Company Overview
12.2.10.2 Product Portfolio
12.2.10.3 Demographic Reach and Achievements
12.2.10.4 Certifications
12.2.11 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Luxury Residential Real Estate Market: Key Industry Highlights, 2018 and 2032
2. Australia Luxury Residential Real Estate Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Australia Luxury Residential Real Estate Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Australia Luxury Residential Real Estate Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Australia Luxury Residential Real Estate Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. Australia Luxury Residential Real Estate Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 24.02 billion.
The market is expected to grow at a CAGR of 5.3% between 2024 and 2032.
The luxury residential real estate market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 38.41 billion by 2032.
The market is being driven due to the availability of several suburban areas in Australia, rise in real estate prices, rising number of architects in the country, and increasing net worth of individuals.
In the luxury residential real estate market, key trends supporting expansion involve the demand for smart home features, sustainability and eco-friendly designs, emphasis on wellness amenities, and the integration of technology for security and convenience.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on type, the market segmentations include villas and landed house and apartments and condominiums.
Key players in the market are Nicon Built, Novus Homes, Englehart Homes Pty Ltd., Rossdale Homes Pty Ltd., Atrium Homes, Lomma Homes, Summit Homes Group, BBS Homes, Carlisle Homes Pty Ltd., and Bruin Builders, among others.
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