2017 HIA Housing Scorecard
The Housing Industry of Australia has released its scorecard for the housing industry across all Australian states and territories. The scorecard measures and ranks housing markets performance across 14 key indicators.
The east coast is once again dominating the top rankings with strong population growth, rising house prices and demand driving a boom of construction, particularly apartments, in those states.
NSW has retained top spot while victoria in second place. With an expected slow down predicted in NSW and stronger population growth In Victoria, there is every reason to expect Victoria may take the thrown in 2018.
Queensland remains steady at number three with a drop in some key indicators after a record high last year. Renovation activity is continuing to drive the Queensland market and providing a healthy outlook.
The western states are still being affected by a down turn. South Australia has seen the most dramatic decline, falling from 4th to 6th place on the scorecard. Low population growth is the main factor determining this and without a significant downturn in WA and NT, South Australia would have likely taken last place.