Mean residential property price Australia 2013-2023
The average price of Australian residential property has risen over the past ten years, and in December 2023, it reached a new high of 933.8 thousand Australian dollars. Nonetheless, property experts in Australia have indicated that the country has been in a property bubble over the past decade, with some believing the market will collapse sometime in the near future. Property prices started declining in 2022; nonetheless, gradual price rises were witnessed throughout 2023.