Ever wondered what your dream home might cost in 2030? As Australia’s property market continues to evolve, house and unit prices are set to rise across various suburbs, driven by population growth, infrastructure developments, and shifting buyer preferences. From Sydney’s bustling inner-city hubs to Perth’s sunny coastal suburbs, let’s explore what homes might cost in 2030—and how companies like Elyment can help you prepare for the future. Follow them on X at @ElymentGroup or visit elyment.com.au for more insights.
What’s Driving Home Prices in Australia by 2030?
Australia’s housing market is influenced by several key factors that will shape prices over the next decade. With the population expected to hit over 30 million by 2030, demand for homes is soaring. Here’s what’s driving the market:
- Population Growth: More people means more demand for houses and units, especially in capital cities like Sydney, Melbourne, and Brisbane.
- Infrastructure Projects: Major developments, such as Brisbane’s 2032 Olympic preparations, are boosting property values in surrounding suburbs.
- Construction Costs: Rising costs for materials and labour are pushing up the price of new homes, which in turn lifts the value of existing properties.
Some experts predict a 40-50% growth in house prices by 2030, with well-located properties potentially doubling in value every 7–10 years. (Learn more about these forecasts.)
Predicted Home Prices in 2030: Suburb by Suburb
Let’s break down what houses and units might cost in key Australian suburbs by 2030. These predictions are based on current trends, historical growth rates, and expert insights.
Sydney: Inner-City and Coastal Suburbs
Sydney remains Australia’s priciest market, and by 2030, prices could soar even higher. Suburbs like Putney and Crows Nest are catching attention for their growth potential.
- Putney: Houses here could hit $7 million, driven by demand for family homes near the city.
- Crows Nest: Units are becoming more affordable, with median prices dropping to $818,000 in 2025, but expect them to climb to around $1.2 million by 2030.
Melbourne: Middle-Ring Suburbs
Melbourne’s middle-ring suburbs are set to see strong growth as young couples and families seek affordable yet well-located homes.
- Box Hill: Houses might reach $1.8 million, thanks to gentrification and new amenities.
- Clyde North: Units could cost around $900,000, appealing to first-home buyers.
Brisbane: Olympic Boom Suburbs
Brisbane is gearing up for the 2032 Olympics, and suburbs like Fortitude Valley and Bowen Hills are expected to boom.
- Fortitude Valley: Units, currently at $510,900, could rise to $950,000 with improved transport links.
- Bowen Hills: Houses might hit $1.5 million as the Athletes’ Village redevelopment drives demand.
Perth: Coastal Growth
Perth’s market is undervalued but growing fast, with coastal suburbs like Hillarys leading the charge.
- Hillarys: Houses could reach $1.5 million, reflecting an 8% annual growth rate.
- Scarborough: Units might cost $750,000, appealing to young professionals seeking beachside living.
Gold Coast: A New Price Leader
The Gold Coast could outshine capital cities, with predictions showing houses hitting $2.7 million by 2030 in some areas.
- Coomera: Houses might reach $2 million, fueled by infrastructure projects.
- Southern Suburbs: Units could hit $978,000, reflecting the area’s lifestyle appeal.
How to Prepare for Rising Home Prices
With prices set to rise, now’s the time to plan. Here are some practical steps to get ready:
- Start Saving Early: A 20% deposit will be harder to save as prices climb, so start now.
- Consider Units: Units are often more affordable than houses and can be a great entry point into the market.
- Partner with Experts: Companies like Elyment can help you renovate or upgrade your home, boosting its value before prices soar.
The Future of Australia’s Property Market
By 2030, Australia’s housing market will likely see more high-rise apartments in middle-ring suburbs and a rise in medium-density homes like townhouses. While affordability remains a challenge, strategic investments in up-and-coming suburbs could pay off. (Explore more market trends.)
Key Takeaways
- Home prices in Australia are expected to rise significantly by 2030, with some suburbs seeing 40–50% growth.
- Sydney’s Putney could hit $7 million for houses, while Brisbane’s Fortitude Valley units might reach $950,000.
- Perth and the Gold Coast are emerging as growth hotspots, with houses potentially costing $1.5 million and $2.7 million, respectively.
- Start planning now to navigate rising prices, whether by saving for a deposit or investing in renovations with experts like Elyment.