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2025 State of Real Estate Report
Insights from Australian Buyers and Sellers
On the 28th of June 2022, key population data relating to the 2021 Census was released by the Australian Bureau of Statistics (ABS). Given that the last census took place in 2016, what seems like an age ago, Australia has witnessed significant changes over the previous five years.
Based on the latest data released, we have identified some key statistics that reflect where the nation is currently placed in terms of population, families and households and Australian homes:
Note: Owned with a mortgage includes dwellings being purchased under a shared equity scheme. Rented excludes dwellings being occupied rent-free. Refers to occupied private dwellings and excludes visitor only and other non-classifiable households.
Across the eastern seaboard we saw a steady growth in each state’s population. When comparing 2016 data to 2021, Victoria had the highest period on period growth at 9.73%. However, this does mark a decline in the growth rate, when comparing 2011 census data to the 2016 results where the state showed a period-on-period population increase of 10.69%.
Queensland showed significant growth from 2016 to 2021 (9.63%). It was also the only state on the eastern seaboard that increased its population, percentage wise period on period, from the previous census results of 2011 (8.50%).
The trends identified below are reflective of the current way people are living and the changing conditions of the housing market:
Period to period, the average number of children per family has remained consistent at 1.8 for families with children. The decrease detailed above in the average number of people per household could instead be a result of the shift in household composition (occupied private dwellings):
The above reflecting a shift in people’s preference, away from family/group households toward single living.
We have seen a 0.6% increase in occupied private dwellings being rented. The figure went from 30.0% in 2016 to 30.6% in the 2021 census data.
The median rent across Australia has also increased period on period:
Additional data yet to be released by the ABS in October 2022 may yield further insights into the changes that Australia has undergone in the past five years.