residential development index

UDIA Victorian Residential Development Index (RDI): Half-Yearly Residential Market Update, Inner and Middle Melbourne April 2020
It is important to note that this Half-Yearly Residential Market Update is based on data available at the time of publication (April 2020). Melbourne market conditions are changing dramatically in response to COVID-19 and will continue to change in coming weeks and months. At this stage in the pandemic, reliable data on these market changes are not yet available. This report is therefore based on data prior to the COVID-19 outbreak. Any commentary related to the impact of COVID-19 should be considered in context of significant market uncertainty, and is speculative in nature. 

Click here to access the highlights of the half-yearly RDI, released April 2020.

Why did we develop the RDI?
The residential development sector is a significant driver of the Victorian economy.

In 2016-17 the construction of new dwellings made a contribution to the Victorian economy of more than $20 billion.

This contribution is expected to have increased to over $22.9 billion in 2017-18. This does not include the contribution that the sector makes to the Victorian Government's own source tax collections.

The sector sustained over 162,000 jobs in Victoria in 2016-17. 

What is the RDI?
The RDI measures the health of Victoria’s residential development industry on an ongoing basis.

The research examines the dynamics impacting the industry, including economic conditions, population growth, development activity, trend data, regulatory changes and policy implications. These industry activity fundamentals inform the RDI, which determines whether the industry is operating in a strong, moderate or weak market, relative to recent and long history. 


Thank you to the research team at EY for working with UDIA to develop the Residential Development Index, which fills a critical gap in the data and information available to the industry on how we’re tracking and what to watch out for moving forward. 

The September 2019 Annual Report release has also generously been translated into Mandarin by our Research Partner, Jinding Australia - 

Mandarin translated report - 请点击此处阅读报告的中文翻译版

RDI Research Partners 


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