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Australia: The Fifth Strongest Housing Market

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Australia has hit the number five position in house price gross, according to the latest data from Knight Frank.

According to the valuer, Australia, with an annual house price growth rate of 18.9 per cent, came in fifth over the last quarter. This was the first time Australia had made the top five since 2015.

Turkey was in the top position recording 35.5 per cent growth over a 12-month period to September 2021, followed by South Korea at 26.4 per cent took and New Zealand with 21.9 per cent over the period. Sweden came in at fourth place with growth of 20.3 per cent, and Australia rounded out the top five.

House prices rose 9.4 per cent on average across the 56 countries included in the house price index.

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