Price movements
Australian property prices continue to demonstrate resilience with modest monthly growth across February 2025. House prices recorded a 0.2 per cent monthly increase, bringing the national mean to $909,617, while unit values rose by 0.2 per cent to reach $675,820. The market’s steady performance reflects ongoing supply constraints balancing against affordability challenges, with both market segments now well above their previous peak values.
The recent interest rate cut by the Reserve Bank of Australia marks a significant shift in monetary policy, potentially signalling a more favourable environment for property market activity in the coming months. This development, coupled with sustained population growth and continued construction sector challenges, suggests the market’s upward trajectory may strengthen through the remainder of 2025.
Australian property prices continue to demonstrate resilience with modest monthly growth across February 2025. House prices recorded a 0.2 per cent monthly increase, bringing the national mean to $909,617, while unit values rose by 0.2 per cent to reach $675,820. The market’s steady performance reflects ongoing supply constraints balancing against affordability challenges, with both market segments now well above their previous peak values.
The recent interest rate cut by the Reserve Bank of Australia marks a significant shift in monetary policy, potentially signalling a more favourable environment for property market activity in the coming months. This development, coupled with sustained population growth and continued construction sector challenges, suggests the market’s upward trajectory may strengthen through the remainder of 2025.
The capital city housing market continues to show varied performance across Australia’s major cities, with Perth maintaining its position as the standout performer. With a mean price of $896,551, Perth recorded a modest 0.1 per cent monthly gain but an impressive 14.9 per cent year-on-year increase, reflecting the ongoing economic strength in Western Australia’s mining sector.
Adelaide remains in strong territory, with its median house price of $889,571 representing a 0.1 per cent monthly increase and solid 9.1 per cent annual growth. Brisbane has firmly established itself as a million-dollar city, with its median of $1,012,334 reflecting a 0.2 per cent monthly gain and 8.8 per cent annual growth.
Gold Coast continues to command premium values at $1,217,788, rising 0.3 per cent for the month, while Sydney maintains its position as Australia’s most expensive market at $1,606,262 with a more modest annual growth of 3.7 per cent. Melbourne shows the least momentum among major capitals, recording just 0.7 per cent annual growth despite its $1,023,490 median.
The unit market across major cities has stabilised in February, with overall values increasing by 0.1 per cent for the month. Perth units continue to lead year-on-year growth metrics at 15.5 per cent, though show no movement in February with a median value of $585,100. This performance aligns with broader economic strength in Western Australia.
Brisbane and Adelaide remain strong performers in the unit sector, recording annual growth of 11.4 per cent and 11.3 per cent respectively. Brisbane’s median unit price now sits at $688,337, while Adelaide’s reaches $610,804. Both markets experienced minimal monthly change but maintained their positions as growth leaders.
Gold Coast units continue to command premium values at $882,218, with monthly growth of 0.3 per cent and annual appreciation of 6.8 per cent. Sydney units remain the most expensive at $892,184 but with more subdued annual growth of 2.9 per cent. Melbourne continues to underperform the national average with just 0.7 per cent annual growth, reflecting broader challenges in Victoria’s property market.
The unit market across major cities has stabilised in February, with overall values increasing by 0.1 per cent for the month. Perth units continue to lead year-on-year growth metrics at 15.5 per cent, though show no movement in February with a median value of $585,100. This performance aligns with broader economic strength in Western Australia.
Brisbane and Adelaide remain strong performers in the unit sector, recording annual growth of 11.4 per cent and 11.3 per cent respectively. Brisbane’s median unit price now sits at $688,337, while Adelaide’s reaches $610,804. Both markets experienced minimal monthly change but maintained their positions as growth leaders.
Gold Coast units continue to command premium values at $882,218, with monthly growth of 0.3 per cent and annual appreciation of 6.8 per cent. Sydney units remain the most expensive at $892,184 but with more subdued annual growth of 2.9 per cent. Melbourne continues to underperform the national average with just 0.7 per cent annual growth, reflecting broader challenges in Victoria’s property market.
Regional housing markets continue to show significant variation in performance, with resource-rich states maintaining their leadership positions. Regional Western Australia leads with 13.3 per cent annual growth and a mean price of $524,500, followed closely by regional South Australia at 11.3 per cent growth and a median of $455,185. Both regions recorded 0.2 per cent monthly increases.
Queensland’s regional markets remain strong with 9.8 per cent annual growth and a 0.2 per cent monthly increase, bringing the median to $720,704. This represents the highest median value among regional markets, reflecting the ongoing popularity of Queensland’s coastal lifestyle locations.
Regional New South Wales saw a 0.3 per cent monthly increase to $747,962 but a more modest annual growth of 3.4 per cent. Victoria’s regional market recorded the highest monthly growth at 0.5 per cent but remains subdued on an annual basis at just 1.1 per cent. The Northern Territory showed no monthly movement and minimal annual growth of 1.2 per cent.
The regional unit market continues to mirror trends seen in the regional housing sector, with Western Australia and South Australia leading annual growth at 13.2 per cent and 12.0 per cent respectively. Western Australia’s median unit value now sits at $399,808 after a 0.2 per cent monthly increase, while South Australia reached $287,545 with a 0.1 per cent monthly gain.
Regional Queensland maintains strong market conditions with 9.2 per cent year-on-year growth and a 0.2 per cent monthly increase, bringing its mean to $613,612. New South Wales regional units recorded the highest monthly growth at 0.3 per cent, though annual growth remains more modest at 2.9 per cent with a median of $616,702. Victoria’s regional unit market showed signs of improvement with a 0.4 per cent monthly increase, though annual growth remains subdued at 1.8 per cent. The Northern Territory continues to be the most challenging regional unit market with no monthly movement and minimal annual growth of just 0.5 per cent.
