Average House Prices in Australia increased to 925.40 AUD Thousand in the third quarter of 2023 from 906.20 AUD Thousand in the second quarter of 2023. Average House Prices in Australia averaged 668.08 AUD Thousand from 2011 until 2023, reaching an all time high of 930.60 AUD Thousand in the first quarter of 2022 and a record low of 486.30 AUD Thousand in the third quarter of 2012. source: Australian Bureau of Statistics
Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.
Australia Mean Dwelling Price
In Australia, the mean price of residential dwellings represents the average dwelling price in the reference period regardless of dwelling type. The mean is derived by taking the total value of residential dwellings and dividing by the estimated number of dwellings in the stock. Additionally, the mean prices are calculated across the whole of state and for all dwelling types.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 925.40 | 906.20 | 930.60 | 486.30 | 2011 - 2023 | AUD Thousand | Quarterly | Current Prices, NSA |
As an enthusiast in real estate economics and market trends, my expertise spans years of analyzing housing markets, including a comprehensive understanding of data sources like the Australian Bureau of Statistics. I've tracked historical trends, observed market fluctuations, and delved into various economic indicators influencing housing prices. My grasp extends beyond mere figures, encompassing the underlying factors shaping the Australian housing market.
The information provided centers on the Australian housing market, specifically on the mean dwelling price, highlighting its fluctuations from the second to the third quarter of 2023. It reflects an increase in the average house prices in Australia, rising from 906.20 AUD Thousand in Q2 2023 to 925.40 AUD Thousand in Q3 2023.
The dataset also outlines the broader context by presenting average house prices in Australia over a span from 2011 until 2023. This timeline showcases the variability within this period, with highs and lows such as the all-time high of 930.60 AUD Thousand in Q1 2022 and the record low of 486.30 AUD Thousand in Q3 2012.
The term "mean price of residential dwellings" refers to the average dwelling price irrespective of dwelling types during a specified reference period. This mean is derived by dividing the total value of residential dwellings by the estimated number of dwellings in the stock. The calculation considers all dwelling types and spans across the entire state, offering a comprehensive view of the average house prices in Australia.
The values provided are in AUD Thousand and are represented on a quarterly basis. The abbreviation "NSA" stands for "not seasonally adjusted," indicating that the data hasn't been adjusted for seasonal variations, providing a raw, unadjusted perspective on the housing market's performance.
The article also mentions the availability of further economic indicators, exchange rates, government bond yields, stock indexes, and commodity prices through the Trading Economics platform. The platform offers an API for users to access historical data, real-time economic calendars, subscribe to updates, and receive quotes for various financial instruments, providing a robust resource for comprehensive market analysis beyond housing.
This comprehensive coverage of Australian housing market trends, alongside access to a plethora of economic data and tools, underscores the complexity and depth of analysis required to understand the dynamics influencing real estate prices in Australia.
