Price movements
Australian property prices continued their remarkable acceleration through June 2025, with house prices surging 1.0 per cent to reach $941,101, delivering robust annual growth of 7.0 per cent. Unit values advanced 0.6 per cent to $694,510, maintaining steady 5.2 per cent year-on-year appreciation. The momentum reflects the powerful impact of two interest rate cuts this year, with the March quarter inflation result of 2.4 per cent reinforcing market expectations for additional monetary policy easing in the months ahead.
Every major market is now exhibiting monthly growth rates that signal significant momentum building across the nation. Perth’s exceptional 1.3 per cent monthly growth continues to lead the charge, while Brisbane’s surge past $1.05 million demonstrates the broad-based nature of this acceleration phase. This coordinated strengthening appears directly linked to the Reserve Bank’s cutting cycle, with buyers moving decisively ahead of anticipated further rate reductions.
Australian property prices continued their remarkable acceleration through June 2025, with house prices surging 1.0 per cent to reach $941,101, delivering robust annual growth of 7.0 per cent. Unit values advanced 0.6 per cent to $694,510, maintaining steady 5.2 per cent year-on-year appreciation. The momentum reflects the powerful impact of two interest rate cuts this year, with the March quarter inflation result of 2.4 per cent reinforcing market expectations for additional monetary policy easing in the months ahead.
Every major market is now exhibiting monthly growth rates that signal significant momentum building across the nation. Perth’s exceptional 1.3 per cent monthly growth continues to lead the charge, while Brisbane’s surge past $1.05 million demonstrates the broad-based nature of this acceleration phase. This coordinated strengthening appears directly linked to the Reserve Bank’s cutting cycle, with buyers moving decisively ahead of anticipated further rate reductions.
The capital city housing market continued displaying exceptional performance across Australia’s major cities, with Perth maintaining its position as the standout performer. Perth recorded a remarkable 1.3 per cent monthly gain, reaching $937,891 and delivering exceptional 11.6 per cent annual growth, positioning the city firmly on track toward the million-dollar threshold.
Brisbane achieved a significant milestone, surpassing $1.05 million with its median reaching $1,058,345 after a robust 1.1 per cent monthly increase and solid 9.1 per cent annual appreciation. Adelaide demonstrated similar strength with 1.1 per cent monthly growth to $929,980, reflecting 8.9 per cent annual growth and reinforcing its connection to the resource sector boom.
Even the traditionally slower markets showed renewed vigour, with Sydney recording 0.5 per cent monthly growth to $1,638,158, while Melbourne matched this pace to reach $1,040,072. Darwin’s 1.3 per cent monthly surge to $618,667 highlighted the broad-based nature of the current acceleration phase, with every major capital now contributing to national momentum.
The unit market across major cities demonstrated consistent momentum, with Perth units continuing to lead year-on- year growth at 13.1 per cent despite recording a substantial 1.4 per cent monthly gain to $617,758. This outstanding performance significantly outpaces Perth’s strong house market, suggesting investors and first home buyers are increasingly targeting the more affordable unit sector.
Adelaide and Brisbane units both recorded strong 1.0 per cent monthly growth, reaching $642,457 and $722,437 respectively, with both markets achieving impressive annual growth of 9.7 per cent and 9.5 per cent. Darwin’s unit market posted exceptional 1.3 per cent monthly growth to $384,069, demonstrating 7.0 per cent annual appreciation.
Sydney units moved closer to the million-dollar threshold with 0.2 per cent monthly growth to $904,149, maintaining modest 3.0 per cent annual appreciation. The Gold Coast maintained its premium position at $914,453 with 0.8 per cent monthly growth, while Melbourne continued showing the most subdued performance with just 0.2 per cent monthly growth to $635,613, highlighting the divergent recovery patterns across Australia’s unit markets.
The unit market across major cities demonstrated consistent momentum, with Perth units continuing to lead year-on- year growth at 13.1 per cent despite recording a substantial 1.4 per cent monthly gain to $617,758. This outstanding performance significantly outpaces Perth’s strong house market, suggesting investors and first home buyers are increasingly targeting the more affordable unit sector.
Adelaide and Brisbane units both recorded strong 1.0 per cent monthly growth, reaching $642,457 and $722,437 respectively, with both markets achieving impressive annual growth of 9.7 per cent and 9.5 per cent. Darwin’s unit market posted exceptional 1.3 per cent monthly growth to $384,069, demonstrating 7.0 per cent annual appreciation.
Sydney units moved closer to the million-dollar threshold with 0.2 per cent monthly growth to $904,149, maintaining modest 3.0 per cent annual appreciation. The Gold Coast maintained its premium position at $914,453 with 0.8 per cent monthly growth, while Melbourne continued showing the most subdued performance with just 0.2 per cent monthly growth to $635,613, highlighting the divergent recovery patterns across Australia’s unit markets.
Regional markets continue demonstrating significant variation, with resource-rich states maintaining their leadership positions. Regional Western Australia leads with exceptional 1.8 per cent monthly growth, reaching $556,015 and delivering remarkable 13.4 per cent annual appreciation, driven by the continued strength of both iron ore and expanding lithium operations.
Regional South Australia follows closely with 1.8 per cent monthly growth to $481,924, achieving substantial 12.1 per cent annual growth. The robust performance reflects copper production’s positive impact on local employment and population growth. Regional Queensland maintained strong momentum with 1.5 per cent monthly appreciation to $759,293, supported by ongoing coastal lifestyle demand and population inflows.
Regional New South Wales recorded solid 1.1 per cent monthly growth to $773,985, though annual growth remained more modest at 6.3 per cent. Regional Victoria and Northern Territory showed more conservative monthly increases of 1.0 per cent and 1.2 per cent respectively, delivering annual growth of 5.0 per cent and 4.5 per cent. The resource sector’s continued strength provides fundamental support for superior performance in Western Australia and South Australia.
The regional unit market mirrors housing sector trends, with Western Australia and South Australia leading annual growth at exceptional 13.4 per cent and 12.3 per cent respectively. Both regions recorded substantial 1.8 per cent monthly increases, reaching $423,462 and $306,715, continuing their remarkable momentum driven by resource sector strength and relative affordability.
Regional Queensland maintains robust conditions with 1.2 per cent monthly growth to $645,697, achieving strong 9.1 per cent annual appreciation. The performance reflects ongoing demand for coastal lifestyle properties and investment opportunities. Regional New South Wales recorded modest 0.7 per cent monthly growth to $635,411 with more conservative 4.7 per cent annual appreciation.
Regional Victoria and Northern Territory showed limited momentum with 0.8 per cent and 1.1 per cent monthly growth respectively, delivering annual appreciation of 4.4 per cent and 3.9 per cent. Overall, regional Australia’s unit market continues significantly outperforming the national average with 7.4 per cent annual growth, highlighting the ongoing strength in regional markets driven by lifestyle preferences, relative affordability, and resource sector prosperity.
