Base Year
Historical Year
Forecast Year
Value in AUD billion
2024-2032
Australia Luxury Residential Real Estate Market Outlook
*this image is indicative*
Based on type, the apartments and condominiums led the Australia luxury residential real estate market as they offer affordability to buyers
In the Australia luxury residential real estate market, luxury apartments and condominiums frequently include upscale amenities like gyms, spas, concierge services, and rooftop gardens, appealing to affluent buyers looking for an elevated living experience. With developers prioritising innovative architectural designs that blend aesthetics with functionality to appeal to buyers seeking distinctive and contemporary living environments, the market is witnessing a robust growth. Furthermore, luxury apartments and condominiums are viewed as secure investments, offering potential for capital growth and rental income, making them attractive to investors seeking stable returns in real estate.
The Australia luxury residential real estate market development is being guided by various trends and innovations including the incorporation of smart technology in the homes to control the activities including climate controls, security systems and many more. Moreover, they provide facilities such as yoga centres, spa treatments, and others to promote the overall well-being of the individuals. They promote sustainability by incorporating environment-friendly materials in the luxury residential designl. Features such as golf courses, private clubs and many more are being incorporated into the luxury residential.
In November 2023, Greg Norman launched a USD 300 million luxury residential community in southwest Sydney alongside developer Sekisui House.
Australia Luxury Residential Real Estate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Region
Villas and landed houses hold a major share in the Australia luxury residential real estate market due to their appeal to affluent buyers seeking spacious and exclusive properties. These homes offer privacy, expansive outdoor spaces, and custom amenities, catering to a luxurious lifestyle.
The expansion of the luxury residential real estate market is driven by advancements in smart home technology, sustainability initiatives, innovative architectural designs, exclusive amenities, and prime location and accessibility.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at AUD 35.55 billion in 2023.
The market is projected to grow at a CAGR of 5.30% between 2024 and 2032.
The revenue generated from the luxury residential real estate market is expected to reach AUD 56.58 billion in 2032.
Based on the type, the luxury residential real estate market is bifurcated into villas and landed houses and apartments and condominiums.
Key players in the luxury residential real estate industry are Nicon Built, Novus Homes, Englehart Homes Pty Ltd., Rossdale Homes Pty Ltd., Atrium Homes, Lomma Homes, Summit Homes Group, BBS Homes, Carlisle Homes Pty Ltd., and Bruin Builders, among others.
The market is broken down into New South Wales, Victoria, Queensland, the Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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