The Real Estate Value Added in Australia experienced varied growth from 2013 to 2023, showing an initial increase followed by a gradual decline. Between 2013 and 2015, annual growth rates were robust, with the highest year-on-year percentage increase in 2014 at 3.29%. However, from 2016 onwards, there has been a consistent decreasing trend, culminating in a minor decline of 0.064% in 2023.
For the future, a steady but modest decline is forecasted from 2024 to 2028, with the 5-year CAGR projected at -0.02%. Key trends to watch for include:
- Potential economic activities influencing the real estate market
- Changes in national policy and international trade impacts
- Technological advancements in real estate management and development
- Evolving consumer preferences affecting real estate investments
