Aussie housing market ended 2021 on 32-year high

Tuesday, 4 January 2022

Australia’s housing market ended 2021 with the strongest value growth in 32 years.

As shown in the next chart, Australian dwelling values rose a whopping 20.9% in 2021 across the five major capital cities – the strongest annual increase since 1989:

Brisbane (28.4%), Sydney (25.3%) and Adelaide (23.2%) each experienced above average price growth in 2021, with Melbourne (15.1%) and Perth (13.1%) lagging:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.