Residential
Property Prices
Residential property prices is an indication of the health of the housing market, which is connected to the broader economy through housing construction, finance, consumer confidence, and GDP.
Median price (x $1,000) of residential properties in Sydney, Melbourne and Brisbane, 2014 Q1 to 2024 Q1
Source: ABS – Total value of dwellings
Residential
Property Prices
Sydney
Median residential property price:
$680,000 (2014)
$1,350,000 (2024)
$680,000 (2014)
$1,350,000 (2024)
Melbourne
Median residential property price:
$500,000 (2014)
$800,000 (2024)
$500,000 (2014)
$800,000 (2024)
Brisbane
Median residential property price:
$450,000 (2014)
$850,000 (2024)
$450,000 (2014)
$850,000 (2024)
House
Rental Value
Australian Median rental amount for houses per week
Sydney
$012345678900123456789001234567890
Brisbane
$012345678900123456789001234567890
Melbourne
$012345678900123456789001234567890
Perth
$012345678900123456789001234567890
Percentage of
People Renting
Key statistics for housing tenure.
NSW
33%
Queensland
35%
Victoria
29%
Western Australia
28%
Source: Australian Bureau of Statistics
Lenders’ Interest rates for
Home Loans
Owner-occupier Variable Housing Rates
Source: APRA, RBA
Lenders’ Average Rates For
Home Loans
Owner-occupier
Principle & Interest (P&I)
Outstanding Loans: 5.99%
New Loans: 6.22%
* as of July 2024
Outstanding Loans: 5.99%
New Loans: 6.22%
* as of July 2024
Investment
Principle & Interest (P&I)
Outstanding Loans: 6.32%
New Loans: 6.44%
* as of July 2024
Outstanding Loans: 6.32%
New Loans: 6.44%
* as of July 2024
Lenders’ Interest rates for
Business Loans
Outstanding Business RatesSmall, medium, and large business, in % per annum
Source: APRA, RBA
Lenders’ Average Rates For
Business Loans
Small business
Outstanding Loans: 7.33%
New Loans: 7.28%
* as of July 2024
New Loans: 7.28%
* as of July 2024
Medium business
Outstanding Loans: 6.26%
New Loans: 6.29%
* as of July 2024
New Loans: 6.29%
* as of July 2024
Large business
Outstanding Loans: 5.83%
New Loans: 5.52%
* as of July 2024
New Loans: 5.52%
* as of July 2024
Email
info@eqtfinance.com.au
Phone
02 8005 8055
0414 144 888
0414 144 888
WhatsApp
0414 144 888
Referrals
referrals@eqtfinance.com.au
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