ANZ CoreLogic Housing Affordability Report 2024

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The ANZ CoreLogic Housing Affordability Report is a guide to the main trends and drivers of housing affordability across Australia.

In late 2024, the Australian property market saw a rise in apartment demand as housing affordability continued to decline.

Apartment price growth is now tracking in line with houses.

Perth, Adelaide and Brisbane saw dwelling values increase by more than 65 per cent since March 2020, while Sydney is still the least affordable city to buy in.

Affordability metrics have worsened, with the median dwelling value-to-income ratio rising to 8.0. Median income households needed 10.6 years to save a 20 per cent deposit.

ANZ Research anticipates slight improvements in mortgage serviceability in 2025 due to expected rate cuts by the Reserve Bank of Australia.

You can download a copy of the full report and view a list of the report’s coverage below.

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