The Australian Bureau of Statistics (ABS) released its comprehensive Housing Data Report for July to October 2023, offering a glimpse into the real estate landscape across key states—Queensland, New South Wales, Victoria, South Australia, and Western Australia. This invaluable data encompasses various facets, including SA2 Areas, the number of new houses, and the corresponding average building costs. Let's delve into the findings and highlight the standout trends in each state.
QUEENSLAND: Queensland's remarkable growth is evident in these areas, showcasing a blend of high demand and strategic development. It emerges as a thriving hub for new housing developments, with several SA2 areas taking the lead. The areas with the highest number of new houses built are as follows:
NEW SOUTH WALES: Moving to New South Wales, the top SA2 areas are setting a benchmark for new houses and average building costs. It stands out with a mix of suburban charm and upscale living in these areas:
SOUTH AUSTRALIA: South Australia's diverse offerings cater to a wide range of preferences and budgets. In South Australia, the top SA2 areas are witnessing notable growth, with affordability playing a key role:
WESTERN AUSTRALIA: Western Australia showcases a dynamic real estate scene, with a focus on innovation and modern living. In Western Australia, certain SA2 areas are spearheading the real estate landscape, emphasizing a balance between new houses and building costs:
VICTORIA: Victoria's top SA2 areas cater to a diverse population, blending urban convenience with suburban tranquility. Victoria's SA2 areas are thriving, offering a diverse range of housing options with varying price points:
The ABS Housing Data Report provides a comprehensive overview of the real estate landscape in key Australian states. Whether you're looking for affordability, luxury, or a mix of both, these SA2 areas offer valuable insights into the evolving housing market. As the real estate landscape continues to transform, staying informed about these trends will be crucial for homebuyers, investors, and industry professionals alike.
Explore the full list below:
New South Wales