Australia Luxury Residential Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Residential Real Estate Market Size and It is Segmented by Type (Apartments and Condominiums, Villas, and Landed Houses) and Cities (Sydney, Perth, Melbourne, Brisbane, and Other Cities). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

Australia Luxury Residential Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Australia Luxury Residential Real Estate Market Size

Australia Luxury Residential Real Estate Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 25.25 Billion
Market Size (2030) USD 33.40 Billion
CAGR (2025 - 2030) 5.75 %
Market Concentration Medium

Major Players

Australia Luxury Residential Real Estate Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Australia Luxury Residential Real Estate Market Analysis

The Australia Luxury Residential Real Estate Market size in terms of transaction value is expected to grow from USD 25.25 billion in 2025 to USD 33.40 billion by 2030, at a CAGR of 5.75% during the forecast period (2025-2030).

  • In Australia, the rising population of High Net Worth Individuals (HNWIs) is fueling demand for luxury properties, especially in major metropolitan hubs like Sydney and Melbourne.
  • The limited availability of high-end properties, particularly in coveted areas such as Sydney Harbour, continues to intensify competition and demand. For example, in April, the national median home value in Australia reached a record high of USD 774,000, marking a 6.6% increase since 2023. While housing stock remains limited, prices surged 20% in Perth and 14% in Adelaide year-over-year.
  • According to Industry Association’s latest Prime Global Cities Index, all four Australian (Perth, Sydney, Brisbane, Melbourne) cities saw an uptick in luxury residential property prices. Leading the pack was Perth, which saw a 3.7% rise over the past year up to June. Sydney followed with a 3.1% increase, then came Brisbane at 2.4%, and finally Melbourne, which saw a modest 0.6% uptick.
  • These developments have heightened interest from offshore buyers in Australia's luxury real estate market. In response, the Foreign Investment Review Board (FIRB) revamped its foreign investment framework policy in May. The updated regulations promise a streamlined application process for investors with a history of compliance. Notably, the FIRB aims to process 50% of applications within the standard 30-day review window.
  • Residential real estate is witnessing a surge in foreign investment, with transactions up by 27% from the previous year 2023. New dwellings captured 49.3% of foreign investments, while vacant residential land attracted 16.7%. Notably, international buyers hailing from China, Hong Kong, and India are leading the charge in residential real estate purchases, as highlighted by Industry Associations in September 2024.

Australia Luxury Residential Real Estate Industry Overview

The Australian luxury residential real estate market is competitive with the presence of local and international players. The Australia Luxury Residential Real Estate Market can be defined as a semi-consolidated market. Some of the top players in the market are Metricon Homes, James Michael Homes, Stunning Homes, Rossdale Homes, and Medallion Homes. 

Domestic developers are increasingly entering joint ventures, drawn by the rising influx of international funds and foreign capital. This move not only helps them establish a stronger presence in the country but also bolsters their financial strength and management expertise.

Australia Luxury Residential Real Estate Market Leaders

  1. Metricon Homes Pty Ltd.

  2. James Michael Homes

  3. Stunning Homes

  4. Rossdale Homes

  5. Medallion Homes Pty Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Australia Luxury Residential Real Estate Market Concentration
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Australia Luxury Residential Real Estate Market News

  • September 2024: Loutraki Aussie Real Estate Development, a subsidiary of Australia's 'Nucorp Constructions', has unveiled a luxury residential project in Dubai, emphasizing sustainability and modern specifications tailored for an eco-friendly environment.
  • August 2024: Arada, a Dubai-based master developer, is making its first foray outside the UAE, launching operations in Australia. The company has established a new office in Pyrmont, a suburb of Sydney, and is eyeing multiple projects in Australia's largest city. With a project pipeline valued at AED6 billion, Arada aims to play a pivotal role in Sydney's urban renewal, addressing the city's pressing housing shortage.
  • March 2024: Home Lands Group of Companies, a prominent player in the real estate and property development arena, proudly unveils its latest venture: Home Lands (Melbourne) PTY LTD. This marks the group's strategic expansion into the Australian real estate market. With a focus on both apartment and land sales, Home Lands (Melbourne) is dedicated to delivering unmatched service and convenience to meet the diverse real estate needs of its clientele.

Australia Luxury Residential Real Estate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Background
  • 1.2 Study Assumption and Market Definition

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS & DYNAMICS

  • 4.1 Current Market Overview
  • 4.2 Market Dynamics
    • 4.2.1 Market Drivers
    • 4.2.1.1 High Net-Worth Individuals
    • 4.2.1.2 Strong Economic Performances
    • 4.2.2 Market Restraints
    • 4.2.2.1 Affordability Concerns
    • 4.2.2.2 Regulatory Changes
    • 4.2.3 Opportunities
    • 4.2.3.1 Sustainable Luxury
    • 4.2.3.2 Smart Homes
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Industry Value Chain Analysis
  • 4.5 Government Regulations and Initiatives in the Industry
  • 4.6 Impact of Geopolitics and Pandemic on the Market

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Apartments
    • 5.1.2 Condominiums
    • 5.1.3 Villas
    • 5.1.4 Landed houses
  • 5.2 By Cities
    • 5.2.1 Sydney
    • 5.2.2 Perth
    • 5.2.3 Melbourne
    • 5.2.4 Brisbane
    • 5.2.5 Other Cities

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Metricon Homes Pty Ltd.
    • 6.2.2 James Michael Homes
    • 6.2.3 Stunning Homes
    • 6.2.4 Rossdale Homes
    • 6.2.5 Medallion Homes Pty Ltd.
    • 6.2.6 Ray White Group
    • 6.2.7 LJ Hooker
    • 6.2.8 Harcourts
    • 6.2.9 Belle Property
    • 6.2.10 Mirvac*
  • *List Not Exhaustive

7. FUTURE OF THE MARKET

8. APPENDIX

  • 8.1 Macroeconomic Indicators (GDP Distribution, by Activity)
  • 8.2 Economic Statistics - Transport and Storage Sector Contribution to Economy
  • 8.3 External Trade Statistics - Exports and Imports by Product and by Country of Destination/Origin
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Australia Luxury Residential Real Estate Industry Segmentation

Luxury residential real estate is characterized by its prime location, elevated price, spaciousness, use of valuable materials, expert design, high-end amenities, and often, a prestigious history. This report delves into the Australian luxury residential real estate market, offering a comprehensive analysis. It encompasses an evaluation of the economy and the contribution of various sectors, an overview of the market, size estimations for key segments, emerging trends, market dynamics, and geographical insights.

Australia's luxury residential real estate market is segmented by type (apartments and condominiums, villas, and landed houses) and by cities (Sydney, Perth, Melbourne, Brisbane, and other cities). The report offers market sizes and forecasts in value (USD) for all the above segments.

By Type Apartments
Condominiums
Villas
Landed houses
By Cities Sydney
Perth
Melbourne
Brisbane
Other Cities
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Australia Luxury Residential Real Estate Market Research Faqs

How big is the Australia Luxury Residential Real Estate Market?

The Australia Luxury Residential Real Estate Market size is expected to reach USD 25.25 billion in 2025 and grow at a CAGR of 5.75% to reach USD 33.40 billion by 2030.

What is the current Australia Luxury Residential Real Estate Market size?

In 2025, the Australia Luxury Residential Real Estate Market size is expected to reach USD 25.25 billion.

Who are the key players in Australia Luxury Residential Real Estate Market?

Metricon Homes Pty Ltd., James Michael Homes, Stunning Homes, Rossdale Homes and Medallion Homes Pty Ltd. are the major companies operating in the Australia Luxury Residential Real Estate Market.

What years does this Australia Luxury Residential Real Estate Market cover, and what was the market size in 2024?

In 2024, the Australia Luxury Residential Real Estate Market size was estimated at USD 23.80 billion. The report covers the Australia Luxury Residential Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Australia Luxury Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Australia Luxury Residential Real Estate Industry Report

Statistics for the 2025 Australia Luxury Residential Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Australia Luxury Residential Real Estate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.