Settlement highlights
Whilst the property market grew in FY22, headwinds emerged in the second half of the year.
All Eastern states recorded growth in FY22 compared to the prior year, in both volume and aggregate value of sale settlements, for residential and commercial property. This strong result was driven by an exceptional first half of the year, with a noticeable drop off across all states in the second half.
Download the PEXA Property Insights Report - Financial Year 2022

QLD recorded the highest volume of residential sale settlements in FY22, with the sunshine state recording over 220K.
NSW posted the highest aggregate value of sale settlements at $238.5B. This was up 28.8% year-on-year and well ahead of VIC in second place with $167.1B
All eastern states saw a noticeable decline in residential sale settlement volumes in the second half of FY22. NSW (-17.8%), QLD (-12.8%) and VIC (-5.9%) all experienced drops in line with the softening market.
Download the PEXA Property Insights Report - Financial Year 2022

VIC recorded over 13.6K commercial sale settlements in FY22, higher than any other state.
This was up 24.0% and the second year in a row the state topped commercial property transactions. $39.6B of commercial property was settled in NSW in FY22. QLD saw the highest growth in aggregate value, up 108.5% during that period.
Download the PEXA Property Insights Report - Financial Year 2022
