The Urbis Apartment Market Essentials is the most comprehensive national apartment survey in Australia and the only survey where sales data for apartment projects with 25 or more units is collected at the time of contract rather than at settlement. Our brightest minds analyse the data quarterly to provide you with the latest market activity and future supply pipeline. Discover more apartment trends in our National Apartment Essentials Snapshot.
Snapshot 2022 Q4:
- The clearance rate for available stock corrected back towards the long-run average of 15% at the end of 2022 for the national apartment market.
- Apartment approvals lifted after a sharp decline at the beginning of the year, as did new project launches.
- The national median rent increased by 20% in the past year to Q4 2022, putting further pressure on the rental market.
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