Wealth PI Research

Residential Property Market Report
2023 Q3


The Australian property market in the third quarter of 2023 is characterized by transformations resulting from a mix of economic, legislative, and societal factors, signifying a phase of evolution and recalibration.
The property market's trajectory is on an upswing, with housing prices witnessing a surge across pivotal cities. This ascent can be attributed to an amalgamation of government initiatives, regional developments, and the property market's inherent resilience post-pandemic. Sydney emerges prominently, leading with its robust growth in both housing prices and rental rates. On the other hand, Melbourne's real estate landscape portrays a more modest recovery pace.

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