The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
FINAL CHANCE TO REGISTER FOR URBANITY-25 JOIN MORE THAN 550 ALREADY ATTENDING
LAST CHANCE TO REGISTER FOR URBANITY 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
62
print
Print
OtherDinah Lewis BoucherTue 08 Sep 20

Australia Ranks in Top 20 for House Price Growth

b87cf9eb-11d9-4de0-b422-1b5bd6f43c85

Australia has ranked 19th across 56 countries after recording a 6.1 per cent rise in house prices over the year to June.

The Knight Frank global house price index result comes as the nation’s home values recorded a 0.4 per cent fall in August.

The index, which tracks the movement in residential prices spanning more than 50 countries across the globe, found that Australia has risen 37 places up the rankings from one year ago when it came in last place—ranking at 56.

The metrics show Australia has recorded 6.1 per cent growth in house prices over the 12 months to 30 June 2020.

Knight Frank’s head of residential Shayne Harris said Australia’s housing market has seen continued demand, albeit fewer transactions throughout the pandemic.

“In Sydney, the market continues to be underpinned by a severe shortage of stock for sale by both auction and private treaty,” he said.

“While in the past eight weeks the difficulties around obtaining finance have seen the number of registered bidders thin out at auction, the clearance rate remains stable, as do prices across the inner and middle rings of metropolitan Sydney.”

Melbourne’s market conditions have been in steady decline for the past four months, Harris said.

“The city’s second lockdown, combined with reliance on overseas immigration and education to support the market, could see these conditions continue beyond the other capital cities, who are ahead of the curve in relation to recovery”.

Harris added that Brisbane’s market could emerge in a very strong position for 2021.

“Coming off an extended period of low price growth, Brisbane’s affordability is the best capital city, side-by-side with Perth, in the short-to-medium term,” Harris said.

Knight Frank’s Australian head of residential research Michelle Ciesielski said the global data is backward-looking, covering the year through to June 30, when Covid-19 had hit most global markets.

New Zealand was the best-performing country in the Asia Pacific region, recording 9.1 per cent growth the past year and ranking at 11.

The annual rankings were topped by Turkey, followed by Luxembourg, Lithuania, Estonia and Poland.

In its latest global economic outlook, released Monday, Fitch Ratings predicted global GDP would fall by 4.4 per cent in 2020, a modest upward revision from the 4.6 per cent expected in the June outlook.

The global rating agency’s economics team, led by chief economist Brian Coulton, said “the recovery in economic activity after the unprecedented severe coronavirus-related recession” in March and April has been swifter than expected, “but we expect the pace of expansion to moderate soon”.


ResidentialAustraliaBrisbaneMelbournePerthReal EstateSector
AUTHOR
Dinah Lewis Boucher
More articles by this author
ADVERTISEMENT
TOP STORIES
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
Exclusive

Inside the $10m Heritage Refit of Sydney’s $25,000-a-Year Members’ Club

Taryn Paris
4 Min
Kurraba Point 93 Kurraba Road TUD PLUS
Residential

Council Over Court: How HFO Won Rare North Sydney Approval

Vanessa Croll
7 Min
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
View All >
Development

Zen Group’s West End Towers Greenlit

Taryn Paris
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
Court Place in the Subi East precinct is set to deliver 447 new homes, including 300 affordable and 147 social homes in a prime location just four kilometres from the Perth CBD.
Community

Providers Selected for Subi, East Freo Housing Projects

Renee McKeown
Top community housing providers will deliver, own and operate two major housing projects near Perth creating 481 apartme…
LATEST
Development

Zen Group’s West End Towers Greenlit

Taryn Paris
2 Min
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
Court Place in the Subi East precinct is set to deliver 447 new homes, including 300 affordable and 147 social homes in a prime location just four kilometres from the Perth CBD.
Community

Providers Selected for Subi, East Freo Housing Projects

Renee McKeown
3 Min
An aerial view of Ipswich, whose suburb Springfield Lakes, had the highest number of house sales for Queensland in Q2, 2025.
Residential

Ipswich Suburb Leads Queensland House Sales

Marisa Wikramanayake
5 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/australia-rises-in-global-house-price-growth-rankings