Australia real estate market — prices, rental yield and trend
- Gross rental yield: 4.89%
- 12-month price change (USD): 17.8%
- Net rental yield: 3.42%
- Transaction cost: 7.3%
- Bubble-risk band: elevated
- Price basis: national average
Australia is one of the 123 property markets Glopra tracks. In local currency the same twelve months read +10.8%; the 7-point gap is the exchange rate, not the housing market.
What a buyer pays in Australia
Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 7.3% of the price here. That is below the 10.2% median across the set, which shortens the time it takes for a purchase to break even.
What it earns
The typical home here lets for about $1,921 a month against a purchase price of $471,613, which is 4.9% gross before tax. Neither figure is quoted per square metre in this market, but both come from the same source, so the ratio between them holds. It ranks 65th of 88 markets by gross yield. Rental income is taxed at 30%, which takes the yield down to 3.4% net. The 1.5-point difference between the gross and net figure is the part most listing sites leave out.
How the tax works. Flat 30% in practice: a foreign resident pays 30 cents per dollar on the first AUD 135,000 with no tax-free threshold and no Medicare levy, and the 37% bracket only begins at roughly USD 95,000 of annual rent. The 32.5% figure still quoted in places relates to tax years up to 2023-24. Source: ato.gov.au.
Where the price sits against its own history
Prices are +21.8% over five years and +56.1% over ten in local terms. Today’s level sits 61.8% above the country’s own long-run trend. A gap that size does not have to close, but it is the number to watch. Glopra’s bubble-risk score for Australia is 61 out of 100 — elevated risk. Of the 58 markets scored, 28 read higher. It combines the deviation from trend, price-to-income and the pace of recent growth — a warning light, not a forecast.
Australia house price index, 2016–2026 (2016 = 100)
| Year | Index |
|---|---|
| 2016 | 100 |
| 2017 | 108.3 |
| 2018 | 106.8 |
| 2019 | 102.4 |
| 2020 | 108 |
| 2021 | 126.8 |
| 2022 | 137.2 |
| 2023 | 137 |
| 2024 | 147.7 |
| 2025 | 155.8 |
| 2026 | 165.7 |
Rebased to 100 in 2016, the index stands at 165.7 in 2026. The series is in local currency, and the twelve-month numbers above show how much of that a dollar buyer actually keeps.
Who can buy in Australia
New-build only; established homes banned (2025-2027). That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.
How this figure is built
The price figure for Australia is built from asking prices from listings. It was last refreshed on 2026-09-28. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.
Sources: ABS Total Value of Dwellings · abs.gov.au · globalpropertyguide.com · numbeo.com. Snapshot: 2026-09-28.
Latest Australia market analysis
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- Investors Took 35.6% of New Australian Mortgage Lending in the June Quarter — 2026-09-18
- Australia's Housing Stock Sheds A$34.1 Billion in the June Quarter, Its First Fall Since 2022 — 2026-09-11
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- Australia's Big Four Report Mortgage Applications Down as Much as 20% After Investor Tax Changes — 2026-08-15
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