Residential Real Estate Transactions - Australia & Oceania

In Australia & Oceania, the market segment Residential Real Estate Transactions market is anticipated to witness significant growth.
It is projected that by 2024, the transaction value of this market will reach US$48.84bn.
Looking ahead, the market is expected to exhibit a compound annual growth rate (CAGR) of 4.39% from 2024 to 2029.
This growth trajectory is predicted to lead to a market volume of US$60.55bn by 2029.
Australia's residential real estate market is experiencing a surge in demand due to favorable interest rates and government incentives.

Definition:

Residential real estate transactions refer to the buying, selling, or transfer of ownership of residential properties such as single-family homes, condominiums, townhouses, and apartments. These transactions involve a number of steps and parties, including buyers, sellers, real estate agents, attorneys, lenders, and title companies.

Additional information:

The KPIs covered in this market are the real estate transactions revenue and the average revenue transaction value.

Overall revenue generated by residential real estate transactions

Commercial real estate transactions
Revenue of real estate agencies
Revenue of construction companies

The Residential Real Estate Transactions market in Australia & Oceania is experiencing significant growth and development. Customer preferences in the market are driving this growth. Homebuyers and investors are increasingly looking for properties that offer both value for money and potential for capital appreciation. They are also seeking properties that are located in desirable neighborhoods with access to amenities such as schools, shopping centers, and recreational facilities. Additionally, there is a growing demand for properties that are environmentally sustainable and energy-efficient. One of the key trends in the market is the increasing popularity of apartment living. This trend is driven by factors such as changing demographics, urbanization, and lifestyle preferences. Many people, especially young professionals and empty nesters, are opting for apartments due to their affordability, low maintenance requirements, and proximity to city centers. As a result, there has been a significant increase in the construction of apartment buildings in major cities across Australia & Oceania. Another trend in the market is the rise of online property listings and digital platforms. Homebuyers and investors are increasingly using online platforms to search for properties, compare prices, and connect with real estate agents. This trend has made the property buying process more convenient and efficient, allowing buyers to access a wide range of properties and make informed decisions. Local special circumstances in the market also play a role in its development. For example, in Australia, there is a strong demand for properties in coastal areas and major cities such as Sydney and Melbourne. This demand is driven by factors such as lifestyle preferences, employment opportunities, and proximity to amenities. In Oceania, there is a growing interest in properties in popular tourist destinations such as Fiji and French Polynesia, as well as in emerging markets such as Papua New Guinea and Vanuatu. Underlying macroeconomic factors are also contributing to the growth of the Residential Real Estate Transactions market in Australia & Oceania. Factors such as low interest rates, population growth, and economic stability are creating favorable conditions for property investment. Additionally, government policies such as tax incentives for first-time homebuyers and foreign investment regulations are also influencing the market. Overall, the Residential Real Estate Transactions market in Australia & Oceania is experiencing growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. This presents opportunities for both homebuyers and investors in the region.

Data coverage:

Figures are based on total and average revenue of residential real estate transactions (sales).

Modeling approach:

Market size is determined by a bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

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Residential Real Estate Transactions - Australia & Oceania

Volume

Analyst Opinion

Transaction Value

Methodology

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Residential Real Estate Transactions - Australia & Oceania

In-Scope

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Real Estate

Related markets:

Residential Real Estate: market data & analysis

Volume

Analyst Opinion

Transaction Value

Methodology

Financial

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Explore more high-quality data on related topic

Global housing market - statistics & facts

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Residential real estate in Europe - statistics & facts

Explore more high-quality data on related topic

Residential real estate in India - statistics and facts