Invest
200 per cent gains in property values nationwide despite big market upsets
Invest
200 per cent gains in property values nationwide despite big market upsets
Despite huge market events in the last two decades, fresh data shows massive growth nationwide in property values.
200 per cent gains in property values nationwide despite big market upsets
Despite huge market events in the last two decades, fresh data shows massive growth nationwide in property values.
A look over the last 20 years’ worth of property market data by CoreLogic research analyst Cameron Kusher revealed an impressive run of value growth.
Over the 12 months to January 2019, national property values declined by 5.6 per cent and is considered by CoreLogic to be the largest decline since March 2009 (the height of the global financial crisis). Both combined capitals and regional markets saw declines – 6.9 per cent and 0.8 per cent, respectively.
However, Mr Kusher found dwelling values have soared by 197.4 per cent over the last 20 years to January 2019, with the combined capital cities rising by 212.4 per cent, followed by the regional markets with 150.3 per cent growth.
Among the other capital cities, Canberra rose by 230 per cent, Sydney 201.9 per cent, Adelaide 193.8 per cent, Brisbane 182.8 per cent, Perth 148 per cent.
Darwin was the only market not to see triple-digit price growth, with values up by a more subdued 38.4 per cent.
“The housing market is seeing several headwinds that have not been seen for some time,” Mr Kusher said.
“Throughout most of the past 20 years, credit has been becoming easier to access; since late 2014, credit has increasingly become harder to access. Furthermore, ongoing strong value growth in Sydney, Melbourne and Hobart has seen housing affordability rapidly deteriorate over recent years.
“Finally, economic conditions outside of NSW and [Victoria] have tended to be quite weak over recent years, which has curtailed housing demand in these markets.”
1999 to 2004
CoreLogic analysis determined the last five years to January 2004 was the strongest five-year period for value growth over the last two decades, as dwelling values rose by 80.2 per cent, with combined capitals up 79.6 per cent and regionals up 82 per cent.
Canberra stood out for this time period, rising 110.9 per cent. Darwin was the only capital city to see values fall, with a decline of 3.9 per cent.
2004 to 2009
The next time period of 2004 to 2009 saw growth become more subdued by comparison, Mr Kusher said. Overall, values rose by 14.9 per cent, capital city values were up 15.2 per cent and regionals rising 14.2 per cent.
“While the headline figures show little growth, it was quite a different story within different regions with some of the smaller housing markets experiencing big gains,” Mr Kusher said.
Hobart saw the strongest capital city value rise of 57.1 per cent, while Sydney declined by 4.6 per cent. Regional WA saw values balloon off the back of the mining boom, rising 80.9 per cent.
2009 to 2014
A post-GFC and post-mining boom environment saw much more moderate overall growth in values of 20.3 per cent, with capital city values rising 25.3 per cent and regionals edging up by 4.8 per cent.
Sydney managed to see the strongest growth for this period, with a rise of 36.5 per cent, while Brisbane saw the weakest growth, rising by 5 per cent.
2014 to 2019
The most recent time period has seen property values rise by 19.4 per cent, with capital city values rising by 20.6 per cent and regionals up by 14.9 per cent.
Hobart stands out as the capital city experiencing the strongest growth for the period, rising 35.1 per cent, while Darwin recorded the least, declining 24.4 per cent.
RELATED ARTICLES
Property
The new battleground in housing: how first-home buyer policy is reshaping Australia’s entry-level market
Government-backed guarantees and stamp duty concessions have pushed fresh demand into the bottom of Australia’s price ladder, lifting values and compressing selling times in entry-level segmentsRead more
Property
Property 2026: Why measured moves will beat the market
In 2026, Australian property success will be won by investors who privilege resilience over velocity. The market is fragmenting by suburb and asset type, financing conditions remain tight, and ...Read more
Property
Entry-level property is winning: How first home buyer programs are reshaping demand, pricing power and strategy
Lower-priced homes are appreciating faster as government support channels demand into the entry tier. For developers, lenders and marketers, this is not a blip—it’s a structural reweighting of demand ...Read more
Property
Scarcity premiums, squeezed yields: Australia’s housing bottleneck is rewriting investor strategy
Australia’s housing pipeline has thinned to a decade low, locking in a scarcity premium that narrows investor flexibility, compresses yields and extends hold periods. With only 172,000 dwellings ...Read more
Property
Australia’s housing bottleneck isn’t a demand problem — it’s a construction maths problem
The economics of building have broken for mainstream housing in Australia. Input costs, labour scarcity and approvals drag are collapsing project feasibility, tilting capital to luxury builds and ...Read more
Property
2026 property expansion? Why disciplined investors will wait — and where to play offence
A growing chorus of market practitioners is urging investors to pause portfolio expansion in 2026 as returns compress and policy settings tighten. The headline risk is less about price crashes and ...Read more
Property
Cost, red tape and capital: why Australia’s housing pipeline is shrinking — and how to rebuild it
Australia’s housing pipeline is being choked by a toxic mix of escalating input costs, regulatory drag and tighter finance. The result: mid-market projects stall while luxury builds proceed, pushing ...Read more
Property
Start 2026 strong: Turn property advice into a data-driven advantage
In 2026, property professionals who industrialise goal-setting and risk management with data and AI will capture outsized client value. The playbook is shifting from intuitive advice to measurable, ...Read more
Property
The new battleground in housing: how first-home buyer policy is reshaping Australia’s entry-level market
Government-backed guarantees and stamp duty concessions have pushed fresh demand into the bottom of Australia’s price ladder, lifting values and compressing selling times in entry-level segmentsRead more
Property
Property 2026: Why measured moves will beat the market
In 2026, Australian property success will be won by investors who privilege resilience over velocity. The market is fragmenting by suburb and asset type, financing conditions remain tight, and ...Read more
Property
Entry-level property is winning: How first home buyer programs are reshaping demand, pricing power and strategy
Lower-priced homes are appreciating faster as government support channels demand into the entry tier. For developers, lenders and marketers, this is not a blip—it’s a structural reweighting of demand ...Read more
Property
Scarcity premiums, squeezed yields: Australia’s housing bottleneck is rewriting investor strategy
Australia’s housing pipeline has thinned to a decade low, locking in a scarcity premium that narrows investor flexibility, compresses yields and extends hold periods. With only 172,000 dwellings ...Read more
Property
Australia’s housing bottleneck isn’t a demand problem — it’s a construction maths problem
The economics of building have broken for mainstream housing in Australia. Input costs, labour scarcity and approvals drag are collapsing project feasibility, tilting capital to luxury builds and ...Read more
Property
2026 property expansion? Why disciplined investors will wait — and where to play offence
A growing chorus of market practitioners is urging investors to pause portfolio expansion in 2026 as returns compress and policy settings tighten. The headline risk is less about price crashes and ...Read more
Property
Cost, red tape and capital: why Australia’s housing pipeline is shrinking — and how to rebuild it
Australia’s housing pipeline is being choked by a toxic mix of escalating input costs, regulatory drag and tighter finance. The result: mid-market projects stall while luxury builds proceed, pushing ...Read more
Property
Start 2026 strong: Turn property advice into a data-driven advantage
In 2026, property professionals who industrialise goal-setting and risk management with data and AI will capture outsized client value. The playbook is shifting from intuitive advice to measurable, ...Read more
