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PEXA Insights

Property and Mortgage Insights FY21

Property and Mortgage Insights report FY21

As Australia emerges from the pandemic, all eyes have been on the stellar performance of the property market which many see as a proxy for the broader economic recovery.

The property market rose to record highs in FY21 buoyed by low interest rates, government stimulus and increased buyer demand. The report focuses on the three mainland eastern states of New South Wales, Queensland and Victoria, comparing financial year 2021 against the prior year using unique data captured in the PEXA digital property settlement exchange.

 

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Highlights

State-by-state analysis

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    Queensland

    Queensland outshone its southern neighbours in sale settlement growth, recording more property settlements than Victoria for the first time in over a decade.

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    New South Wales

    New South Wales also experienced strong gains in property sales (up 26% year-on-year).

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    Victoria

    Despite a softer 12% year-on-year growth in sale settlements, Regional Victoria bolstered the state’s sales figures with 28% year-on-year growth.