全球住宅房地产行业市场前景及投资研究报告-培训课件外文版2024.5恒大碧桂园万科万达

INDUSTRIES

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MARKETSGlobalhousingmarketCHAPTER

01OverviewAnnualchangeinrealhousepricesinselectedcountriesworldwidein2ndquarter2023Annualchangeinrealhousepricesinselectedcountriesworldwide2023Changeinprice20%0%5%10%15%25%30%35%40%45%TurkeyUnitedArabEmiratesGreece39.5%12.9%11.2%Israel*Croatia5.8%5.2%PortugalMexico*4.2%3.9%SingaporeThailand2.2%2.2%Philippines*NorthMacedoniaCyprus*1.8%1.6%1.1%0.6%Spain3Description:Housepricesworldwidedeclinedinmanycountriesworldwidein2023.Intheadvancedeconomies,residentialpropertypricesfellbyfivepercentasofthefirstquarterof2023.Outofthe58countriessurveyed,atotalof16experiencedhousepricegrowth,withthree(Turkey,UnitedArabEmirates,andGreece)exceeding10percent.Realpricegrowthreferstothepercentagechangeofhousepricesadjustedforinflation.Whencomparingthenominalpricechange,theaveragehouseprice[...]

ReadmoreNote(s):Worldwide;Q22022andQ22023;*figuresrefertoQ12023ReadmoreSource(s):BankforInternationalSettlementsAnnualpricegrowthinselectedresidentialrealestatemarketsworldwidein2ndquarter2023Fastestgrowinghousingmarketsworldwide2023Annualpricegrowth40%

50%0%10%20%30%60%70%80%90%100%110%TurkeyLithuaniaCroatia96%15.3%14%Greece14%NorthMacedoniaMexico12.9%11.5%10.1%ColombiaHungaryBulgaria9.7%9.5%9.2%9%EstoniaCyprusSlovenia8.8%8.3%Malta4Description:Turkeyexperiencedthehighestannualchangeinhousepricesin2023,followedbyLithuaniaandCroatia.Inthesecondquarteroftheyear,thenominalhousepricechangedby96percent.OneofthemainreasonsbehindthesoaringhousepricesisthehighinflationinTurkeyandmanyothercountries.ReadmoreNote(s):Worldwide;Q22023Source(s):KnightFrankLuxuryrealestatepricechangeinselectedcitiesworldwidein2022Luxuryrealestatepricechangeworldwide2022,bycityPricechange0%5%10%15%20%25%30%35%40%45%50%DubaiAspen44.2%27.6%Riyadh25%TokyoMiami22.8%21.6%Prague16.3%15.3%15%AlgarveBahamasAthens13%HamptonsPorto12.7%12.7%MustiqueProvence12%12%5Description:InDubai,luxuryhomepricessurgedbyover40percentbetweenDecember2021andDecember2022,makingitthefastestgrowingluxuryrealestatemarketsworldwide.IntheUnitedStates,Aspenwasthemarketwherepricesrosethemostduringthatperiod.TokyowastheAsia-Pacific(APAC)citythatexperiencedthemostpricegrowthintheluxurymarketamountingto22.8percent.ReadmoreNote(s):Worldwide;2022Source(s):KnightFrank;VarioussourcesMostattractivecitiesformultifamilyrealestateinvestmentaccordingtoinvestorsworldwidein2023Mostattractivecitiesformultifamilyrealestateinvestmentworldwide2023Shareofrespondents15%

20%0%5%10%25%30%35%40%LondonDallas/Ft.WorthAustin38%36%32%Miami/S.FloridaTokyo31%31%Paris29%Berlin28%AmsterdamNashville26%25%Raleigh-DurhamMadrid24%17%ShanghaiSingaporeSydney9%9%7%HongKongSAR6%6Description:Threeofthefivemostattractivecitiesformultifamilyinvestmentin2023worldwideaccordingtoinvestorsweresituatedintheUnitedStates.InvestorsfromtheU.S.,EMEA,andAsia-Pacific(APAC)regionswereaskedtopickthebestcitiesformultifamilyinvestmentintheirrespectiveregion.AmongtheU.S.respondents,36percentchoseDallas/Ft.WorthandintheEMEAregion,38percentoftherespondentsvotedforLondon.IntheAPACregion,themostpopularcitywasTokyo,[...]

ReadmoreNote(s):Worldwide;Q22023;1,400respondents;residential/multifamilyinvestorsSource(s):CBREGroupRealestatebubbleindexforselectedhousingmarketsworldwidein2023Globalrealestatebubblerisk2023Indexscore0.00.20.40.60.81.01.21.41.61.8ZurichTokyo1.711.65Miami1.38Munich1.35FrankfurtHongKongToronto1.271.241.21Geneva1.13LosAngelesLondon1.030.98TelAviv0.93VancouverAmsterdam0.810.87Description:In2023,Zurichwasthehousingmarketmostatrisk,witharealestatebubbleindexscoreof1.71.TokyoandMiamifollowedclosebehindwith1.65and1.38,respectively.Anymarketwithanindexscoreof1.5orhigherwasdeemedtobeabubbleriskzone.ReadmoreNote(s):Worldwide;2023Source(s):UBSHouse-price-to-incomeratioinselectedcountriesworldwidein4thquarter2022,bycountryHouse-price-to-incomeratioinselectedcountriesworldwide2022House-price-to-incomeratio60%

80%0%20%40%100%120%140%160%LuxembourgPortugal*Netherlands*Austria150.7%146.9%146.1%141.4%Canada138%135.4%UnitedStatesCzechRepublicNewZealand*Hungary134.2%131.9%127.8%126.9%123.8%123.6%120.7%SwitzerlandSpainGermanyAustralia***8Description:Thehouse-price-to-incomeratiointheNetherlandswasequalto146.1indexpointsinthethirdquarterof2022,makingitoneofthecountriesworldwide,wherehousepriceshaverisenthemostincomparisontoincomeinrecentyears.Theratiomeasuresthedevelopmentofhousingaffordabilityandiscalculatedbydividingnominalhousepricebynominaldisposableincomeperhead,with2015setasabaseyearwhentheindexamountedto100.Indexvalueof120,forexample,would[...]

ReadmoreNote(s):Worldwide;Q42022Source(s):OECDHouse-price-to-rentratioinselectedcountriesworldwideasof1stquarter2023Price-to-rentratioinselectedcountriesglobally2023House-price-to-rentratio(2015=100)150%

200%0%50%100%250%300%350%TurkeyColombia*Russia*315.1%178.9%174.1%174%166.9%LatviaPortugalCzechia166.7%164.4%163.6%162.6%161%LuxembourgHungaryIcelandSlovakiaNetherlandsMexico155.5%150.3%149.4%Greece*9Description:Turkey,Colombia,Russia,andLatviawerethecountrieswiththehighesthouseprice-to-rent-ratiointheranking.Inallfourcountries,theratioexceeded170percent,meaningthathousepricegrowthhadoutpacedrentsbyover70percentbetween2015and2022.ReadmoreNote(s):Worldwide;Q12023;*figuresrefertodifferentperiods:Australia-Q42021Colombia-Q22022NewZealand-Q42022Russia-Q12022

ReadmoreSource(s):IMF;OECDCHAPTER

02AmericasMediansalespriceofexistingsingle-familyhomesintheUnitedStatesfrom2000to2022(in1,000U.S.dollars)Salespriceofexistingsingle-familyhousesintheU.S.2000-20224504003503002502001501005002000

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202211Description:Themediansalespriceofanexistingsingle-familyhomeintheUnitedStatesreachedalmost393,000U.S.dollarsin2022-thehighestpriceonrecord.Thesalespricehasrisenyear-on-yearsince2011,increasingbyover100,000U.S.dollarsbetween2019and2022.ReadmoreNote(s):UnitedStates;2000to2022Source(s):JointCenterforHousingStudies;NationalAssociationofRealtorsMediansalespriceofnewhomessoldintheUnitedStatesfrom1965to2022(in1,000U.S.dollars)MediansalespriceofnewhomessoldintheU.S.1965-20225004504003503002502001501005001965

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202212Description:ThemediansalespriceofnewhomessoldintheUnitedStatesincreasedsteadilyfrom1965to2022.In2022,themedianpurchasepriceofanewhomewasapproximately458,000U.S.dollars,whichwasanincreaseofalmost61,000U.S.dollarsfromthepreviousyear.Nevertheless,housepricesvariedgreatlyacrossdifferentregionsinthecountry.ReadmoreNote(s):UnitedStates;1965to2022;Thesalespriceincludestheland.Source(s):USCensusBureauAverageresalehousepricesinCanadafrom2011to2022withaforecastupto2024,byprovince(in1,000Canadiandollars)AverageresalehousepricesCanada2011-2022withaforecastuntil2024,byprovinceBritishColumbiaManitobaPrinceEdwardIslandOntarioSaskatchewanNewBrunswickAlbertaNovaScotiaCanadaaverageQuebecNewfoundlandandLabrador1,2501,050850650450250502011201220132014201520162017201820192020202120222023*2024*13Description:TheaverageresalehousepriceinCanadawasforecasttodeclinetoabout789,000Canadiandollarsin2024,accordingtoaJuly2023forecast.In2023,housepricesareexpectedtofallforthefirsttimesince2019.Oneofthereasonsforthepricecorrectionisthenotabledeclineintransactionactivity.BritishColumbia,whichisthemostexpensiveprovinceforhousing,isprojectedtoseetheaveragehousepricefallfrom1.1millionCanadiandollarstoonemillionCanadiandollarsbetween[...]

ReadmoreNote(s):Canada;2011to2022;*ForecastbyTDEconomicsasofJuly2023ReadmoreSource(s):RoyalBankofCanada;TDBankAveragesquaremetersellingpriceofanapartmentinselectedLatinAmericancitiesinSeptember2023(inU.S.dollars)ApartmentsalespricepersquaremeterinLatinAmerica2023,bycityAveragepriceinU.S.dollarsMontevideo(Uruguay)MexicoCity(Mexico)Monterrey(Mexico)Guadalajara(Mexico)Santiago(Chile)3,1662,9482,6212,5352,4992,4012,3582,283RiodeJaneiro(Brazil)BuenosAires(Argentina)SãoPaulo(Brazil)Lima(Peru)PanamaCity(Panama)Rosario(Argentina)Córdoba(Argentina)Bogotá(Colombia)Quito(Ecuador)2,1391,7611,4311,3681,2541,20214Description:Amongthecitiesshowninthegraph,Montevideo(Uruguay)hadthemostexpensivepricepersquaremeterintheregioninSeptember2023,withanaveragesellingpriceof3,166U.S.dollarsforanapartment.MexicoCity(Mexico)rankedsecond,withasellingpriceof2,948U.S.dollarspersquaremeter.ReadmoreNote(s):September2023Source(s):Navent;UTDTAveragehousingpriceinMexicoin1stquarter2023,bystate(in1,000Mexicanpesos)HousepricesinMexico,bystateQ12023PriceinthousandMexicanpesos1,500

2,00005001,0002,5003,0003,5004,000MexicoCityNayarit3,662.122,383.49MorelosBajaCaliforniaSur2,128.062,107.01Querétaro2,026.01Guerrero1,779.17JaliscoSinaloa1,749.181,731.081,706.221,687.39YucatánBajaCaliforniaStateofMexicoNationalaverageMichoacán1,623.461,601.691,596.1615/statistics/1056997/average-housing-prices-mexico-stateInthefirstquarterof2023,MexicoCitywasthemostexpensiveplacetopurchaseresidentialpropertyinMexico.Onaverage,apropertyinthecountry'scapitalcitywouldcostalmost3.7millionMexicanpesos,approximatelydoublethenationalaverage.ReadmoreNote(s):Q12023;Currentprices;PreliminarydataSource(s):FederalMortgageSociety(Mexico);MinistryoftheTreasuryandPublicCredit(Mexico)AveragehousepriceinBrazilinSeptember2023,bycity(in1,000sBrazilianreals)AveragehousepriceinBrazilinSeptember2023,bycityPriceinthousandBrazilianreals600

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1,00002004001,2001,4001,6001,8001,690.411,613.681,506.58Florianópolis,SCRiodeJaneiro,RJSãoPaulo,SPBrasília,DF1,332.66Curitiba,PR1,166VilaVelha,ESBeloHorizonte,MGRecife,PE1,118.951,013.72861.44854.42Fortaleza,CESalvador,BA793.49773.46PortoAlegre,RSJoãoPessoa,PB595.9316Description:Florianópolis,SC,andRiodeJaneiro,RJ,hadthemostexpensivehousinginBrazilinSeptember2023.TheaveragehousepriceinFlorianópolis-thecapitalofSouthernBrazil'sSantaCatarinastate-ꢀcostcloseto1.7millionBrazilianreals,whereasinRiodeJaneiro,itwasabout1.6millionBrazilianreals.Fromthe12citiesunderobservation,JoãoPessoahadthemostaffordablehousing,withtheaveragehousepriceat596,000Brazilianreals.HousepricesinBrazilhavegrownyear-on-year[...]

ReadmoreNote(s):September2023Source(s):AgenteImóvelAveragenewandexistingapartmentpriceinBuenosAires,Argentinafrom2006to2023,byapartmentsize(inU.S.dollarspersquaremeter)AverageapartmentpriceinBuenosAires,Argentina2006-2023,bysizeExisting(2-bedroom)New(2-bedroom)Existing(3-bedroom)New(3-bedroom)4,0003,5003,0002,5002,0001,5001,00050020062007200820092010201120122013201420152016201720182019202020212022202317Description:Theaveragepriceofanewthree-bedroomapartmentinBuenosAires,Argentina,wasapproximately2,700U.S.dollarspersquaremeterinthesecondquarterof2023.Thepriceforlargenewapartmentspeakedin2017,whenitreachedalmost3,400U.S.dollarspersquaremeter.Accordingtothesource,thetwo-andthree-bedroomapartmentscoveralmosttwo-thirdsofthemarket.

ReadmoreNote(s):2006toQ22023;asofQ4ofeachyear,exceptfor2023Source(s):BankforInternationalSettlementsCHAPTER

03EuropePriceindexinrealterms(RHPI)developmentofresidentialpropertyin16countriesinEuropefrom1stquarter2000to2ndquarter2023Priceindexinrealterms(RHPI)ofresidentialpropertyinEurope2000-2023BelgiumFranceNorwaySwitzerlandUnitedKingdomSwedenGermanyIrelandCroatiaDenmarkItalySloveniaSpainLuxembourgFinlandNetherlands250200150100500Q1

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2319Description:In2022,Luxembourghadthehighesthousepriceindex(RHPI)outofthe16Europeancountriesunderobservation,makingitthecountrywherehousepriceshaveincreasedthemostsince2005.Theindiceswerecalculatedforexistingsingle-familyhouses,withinflationincludingmedicalandhealthcareexpenses(suchasthosepaidbyemployersorthroughothernationalhealthprograms).ReadmoreNote(s):Europe;Q12000toQ22023;Indexvalue2005equals100.Theyear2005isthebaseyearusedtocalculatetheindexvalueSource(s):DallasFedAveragetransactionpriceofanewdwellinginEuropein2022,bycountry(ineurospersquaremeter)AveragetransactionpriceofanewdwellinginEurope2022Averagetransactionpriceineurospermetersquared05001,0001,5002,0002,5003,0003,5004,0004,5005,0005,500AustriaGermany*France4,9254,8004,639Norway4,2044,1163,980NetherlandsUnitedKingdomCzechia3,753Ireland3,473DenmarkBelgium*Spain3,1043,1022,663Italy2,371Hungary2,30020Description:AustriahadthehighestaveragetransactionpriceofanewdwellinginEuropein2022atover4,900eurospersquaremeter.Germanyhadthesecondhighestaveragetransactionpriceat4,800eurospersquaremeter.BosniaandHerzegovinahadthelowestaveragetransactionpriceofthecountriesincludedwith1,200eurospersquaremeterduringthesameperiod.ReadmoreNote(s):Europe;2022;*Bidprice.**Olderdwelling.ReadmoreSource(s):EuromonitorAveragehousepriceandpercentagechangefromtheprevousyearintheUnitedKingdom(UK)inAugust2023,bycity(inGBP)AveragehousepriceandannualpercentagechangeintheUK2023,bycityAverage

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changeLondon535597513078508305352156335815334426291044264380253407249476244233241956231489-1.4-0.46.80.60.9-2.90.22.6-0.51.52.76.21.1CambridgeOxfordBristolEdinburghBournemouthUnitedKingdomCardiffPortsmouthSouthamptonLeedsManchesterBirmingham21Description:WhenitcomestohousepricesindifferentcitiesintheUnitedKingdom(UK),thecostofbuyingahomevariesgreatly.InAugust2023,theaveragehousepriceinLondonwasroughlydoublethenationalaverage.Atabout536,000Britishpounds,thecapitalofEnglandhadthehighestaveragehousepricesintheentirecountry.Despitethehousingmarketcoolingin2022,manyoftheUK'smajorcitiescontinuedtoexperiencegrowingpricesin2023.ReadmoreNote(s):UnitedKingdom;August2023Source(s):OfficeforNationalStatistics(UK)AveragesalespriceofhousesinselectedcitiesinGermanyfrom2012to2023(ineurospersquaremeter)AveragesalespriceofhousesinGermany2012-2023,bycityMunichStuttgartDusseldorfFrankfurtamMainHamburgCologneBerlin12,50010,5008,5006,5004,5002,50050020122013201420152016201720182019202020212022Q2202322Description:Theaveragesalespriceofsingle-familyandduplexhomesinthebiggestcitiesinGermanyvariedbetweenapproximately5,000eurosand10,000eurospersquaremeterinthesecondquarterof2023.HousingwasmostexpensiveinMunich,wherethesquaremeterpriceofhousesincreasedfromalmost5,400eurosin2012to10,200eurosin2023.

ReadmoreNote(s):Germany;2012toQ22023;Singlefamilyandduplexhousing.AsofQ4ofeachyear.Source(s):empiricaAveragesquaremeterpriceofapartmentsandhousesinFranceinNovember2023,bycityAverageapartmentandhousepricesinFrance2023,bycityPricepersquaremeterineurosApartmentsHouse9,733ParisLyonBordeauxRennes10,3804,9326,4554,5345,5075,2204,9814,6614,5834,4204,2554,1594,0124,028VilleurbanneNantesMontpellierMarseilleToulonToulouseStrasbourgGrenoble3,7463,5423,7453,3563,6943,9783,6133,3633,03223Description:Paris,Lyon,andBrodeauxarethemostexpensivecitiesforresidentialrealestateinFrance.InParis,theaveragesquaremeterpriceofanapartmentwasalmost10,000eurosinNovember2023,whilethehousepricewasevenhigher.WithinParis,apartmentpriceswentashighas15,000euros,dependingonthearrondissement.InLyon,bothapartmentsandhouseswerelessexpensiveat4,900eurospersquaremeterand6,500eurospersquaremeter.

ReadmoreNote(s):France;November2023Source(s):MeilleursAgents;NotairesdeParisAveragepriceforresidentialpropertiesforsaleinItalyasofOctober2023,byregion(ineurospersquaremeter)AveragepriceforresidentialpropertiesforsaleinItaly2023,byregionAveragepriceineurospersquaremeter1,000

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2,00005002,5003,0003,500TrentinoSouth-TyrolAostaValleyLiguria2,9162,5792,497Tuscany2,322LombardyLazio2,2062,103ItalyEmilia-RomagnaVeneto1,8201,8131,747SardiniaCampaniaMarche1,6051,5931,5281,478FiuliVenezia-Giulia24Description:ThehighestaveragepriceforresidentialpropertyinItalyinOctober2023wasregisteredintheregionofTrentinoSouth-Tyrol,followedbyAostaValleyandLiguria.Thesethreeregionsrankedasthemostexpensiveinthecountryalsobecauseoftheirstrategicposition,naturalbeautyandpeculiarity.Thesecharacteristicsmakesthemeconomicallysuccessfuland,fromatouristicpointofview,appealingtoawealthypublic.InTrentinoSouth-Tyrol,thesquaremeterpriceofresidentialreal[...]

ReadmoreNote(s):Italy;October2023Source(s):IdealistaAveragehousepriceinSpainin2ndquarter2023,byregion(ineurospersquaremeter)AveragehousepricepersquaremeterinSpain2023,byregionPriceineurospersquaremeterbuilt1,500

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2,50005001,0003,0003,5004,0004,5005,000CataloniaCommunityofMadridBasqueCountrySpain4,4734,2693,1122,809BalearicIslandsNavarre2,5492,1552,116CantabriaAragon2,087AndalusiaRegionofValenciaGalicia1,9721,9391,795CastileandLeonAsturias1,7911,78525Description:TheaveragesquaremeterpriceofnewresidentialrealestateinSpainwasthehighestinCataloniaandtheCommunityofMadridin2023.Inthesecondquarteroftheyear,bothregionsboastedhomepricesofover4,000eurospersquaremeter.Thatwassubstantiallyhigherthantheaverageforthecountry,whichamountedto2,809eurospersquaremeter.Overall,housepricesinSpainhavebeenontherisesince2016.

ReadmoreNote(s):Spain;Q22023;newhousingSource(s):SociedaddeTasaciónCHAPTER

04AsiaPacificPriceofresidentialpropertiesacrossIndiainH12023,bycity(inIndianrupeespersquarefeet)SquarefeetpriceofresidentialunitsinIndiaH12023,bycityPriceinIndianrupeespersquarefeet3,000

4,00001,0002,0005,0006,0007,0008,0007,593MumbaiBengaluru5,6435,410HyderabadNationalcapitalregionPune4,6384,3854,350ChennaiKolkata3,428Ahmedabad3,00727Description:Inthefirsthalfof2023,MumbairemainedIndia'smostexpensivecityontheresidentialmarketwithasquarefeetpriceof7593Indianrupeespersquarefeet.AmongtheeightbiggestmetropolitanareasofIndiaAhmedabadhasthelowestsquarefeetpriceataroundthreethousandIndianrupees.ReadmoreNote(s):India;H12023Source(s):KnightFrank(KnightFrankResearch)AveragepriceofnewlybuiltresidentialpropertyinShanghai,Chinain2022,bylocation(inyuanpersquaremeter)AveragepriceofnewlybuiltresidentialpropertiesinShanghai2022,bylocation140,000119,244120,000100,00080,00060,00040,00020,000093,77348,461WithintheinnerringBetweentheinnerandouterringOutsidetheouterring28Description:In2022,thepricefornewresidentialpropertyinShanghai'sinnerringdroppedbymorethan4,000yuanpersquaremeter,to119,244thousandyuanpersquaremeter.Althoughthelocalauthoritiesintroducedpoliciestostabilizethemarket,therealestatemarketinShanghai`scentraldistrictsremainedunderdownwardpressure,similartothoseexperiencedbyothermajorcitiesinChina.ReadmoreNote(s):China;2022Source(s):ShanghaiMunicipalStatisticsBureauAveragepriceofprivatepermanenthousingflatsinHongKongfrom2006to2022,bydistrict(inHongKongdollarspersquaremeter)AveragepriceofprivatepermanenthousingHongKong2006-2022,bydistrictHongKongislandKowloonNewterritories600,000500,000400,000300,000200,000100,0000138,432162,208134,934160,736128,981132,273151,645123,261109,24193,896154,275147,625130,76456,48176,772114,46430,55335,44649,327186,3472021177,9282018183,3682019183,8782020173,3492022160,0222017139,536201699,4522011200629Description:In2022,theaveragepriceofpermanenthousinginHongKongIslanddroppedtoaround173thousandHongKongdollarspersquaremeteronaverage.Thecityhadthehighestpropertypricesintheregion.

ReadmoreNote(s):HongKong;2006to2022Source(s):CensusandStatisticsDepartmentHongKong;HongKongHousingAuthorityMeanpurchasepriceofhousinginSeoul,SouthKoreainJanuary2023,byhousingtype(inmillionSouthKoreanwon)MeanpurchasepriceofhousinginSeoulSouthKorea2023,byhousingtype1,4001,268.911,200962.671,0008006004002000912.14347.05ApartmentDetachedhouseRowhouseTotal30Description:AsofJanuary2023,themeanpurchasepriceofhousinginSeoul,SouthKoreaamountedtoaround912millionSouthKoreanwon.Theaveragepriceofapartmentsamountedtoaround1.27billionSouthKoreanwon,whilethepriceofdetachedandrowhouseswereabout962.7and347millionSouthKoreanwon,respectively.ReadmoreNote(s):SouthKorea;January9to13,2023Source(s):KBFinancialGroupMedianvalueofresidentialhousesacrossAustraliaasofSeptember2023,bycity(in1,000Australiandollars)MedianhousevalueAustralia2023,bycity1,6001,381.051,4001,2001,0008006004002000956.6933.28848.68742.91702.38646.78579.14DarwinSydneyCanberraMelbourneBrisbaneAdelaideHobartPerth31Description:SydneyhadthehighestmedianhousevaluecomparedtoothercapitalcitiesinAustraliaasofSeptember2023,withavalueofover1.3millionAustraliandollars.Canberrasimilarlyhadrelativelyhighmedianresidentialhousingvalues,passingMelbournetotopthepricingmarketsforrealestateacrossthecountryalongsideSydney.ReadmoreNote(s):Australia;asofSeptember30,2023Source(s):CoreLogicAverageresidentialhousepriceinNewZealandinSeptember2023,byregion(in1,000NewZealanddollars)ResidentialpropertypriceNewZealand2023,byregionPriceinthousandNewZealanddollars02004006008001,0001,200AucklandTasmanBayofPlentyWellingtonWaikatoMarlboroughHawke'sBayNorthlandCanterburyNelson1,015810800782745740700700680680661OtagoTaranaki581.5Gisborne55032Description:ThepriceofresidentialpropertyinNewZealandwasthehighestintheAucklandregioninSeptember2023,withanaveragesalepriceofaroundonemillionNewZealanddollars.Themostpopulatedcityinthecountry,Aucklandhasc