Key takeaways
Australia’s housing market simply hit one other milestone.
The whole worth of all residential dwellings throughout the nation climbed to $11.37 trillion in March 2025, rising 1.2% over the quarter and nearly 6% over the yr.
With two rate of interest cuts already this yr, and extra on the way in which, we’ll see momentum decide up even additional.
On the flip aspect, we’re nonetheless not constructing sufficient properties.
The variety of dwellings grew to only over 11.33 million – up 179,900 over the yr – which sounds first rate till you do not forget that it’s properly under what the Housing Accord is aiming for.
This week, Cotality additionally experiences that:
*Sydney property costs elevated 0.1% over the past week, elevated 0.6% over the past month and are 1.3% larger than they have been 12 months in the past.
*Melbourne property costs elevated 0.1% over the past week, elevated 0.4% over the past month, and are -0.4% decrease in comparison with 12 months in the past.
*Brisbane property costs elevated 0.2% over the past week, elevated 0.7% over the past month and are 7.0% larger than they have been 12 months in the past.
Total, Australian capital dwelling costs elevated 0.6% over the past month and at the moment are 2.7% larger than they have been 12 months in the past.
The variety of properties taken to public sale fell to 1,786 final week.
The preliminary public sale clearance fee has held above the 70% mark for the previous 4 weeks and throughout eight of the previous ten weeks.
This present property cycle has been pushed by an undersupply of fine properties relative to present demand pushing up property values and rents there was nothing to counsel there will likely be any important change within the close to future.
Sadly, the undersupply properties goes to persist for a while with all commentators agreeing that there isn’t any method we will hit the housing development targets required to satisfy our demand.
The Reserve Financial institution board meets at this time and tomorrow and is broadly tipped to chop rates of interest for the third time this yr.
In actual fact, the market is tipping to extra rate of interest cuts are possible earlier than the top of the yr, and that is fueling purchaser confidence, which is clearly exhibiting up in very sturdy public sale clearance charges.
Financial institution Governor Michele Bullock repeatedly emphasised that controlling inflation was their main goal, and as soon as that’s achieved, Australians will reap the advantages in a while.
Inflation is operating at 2.1 per cent and underlying inflation is at 2.4 per cent – each underneath the mid-point of the RBA ’s goal band.
On the identical time, we’re experiencing weak retail gross sales and slowing constructing approvals knowledge, and our economic system is operating at a sluggish one-and-a-half per cent tempo, so now appears the correct time to decrease charges.
The query isn’t a lot whether or not we’ll get cuts, however what number of will we get.
On the public sale entrance this week…the variety of properties taken to public sale fell to 1,786 due to the varsity holidays.
The preliminary public sale clearance fee has held above the 70% mark for the previous 4 weeks and throughout eight of the previous ten weeks.
See Cotality’s full public sale report under.
This week, Cotality additionally experiences that:
- Sydney property costs elevated 0.1% over the past week, elevated 0.6% over the past month and are 1.3% larger than they have been 12 months in the past.
- Melbourne property costs elevated 0.1% over the past week, elevated 0.4% over the past month, and are -0.4% decrease in comparison with 12 months in the past.
- Brisbane property costs elevated 0.2% over the past week, elevated 0.7% over the past month and are 7.0% larger than they have been 12 months in the past.
Total, Australian capital dwelling costs elevated 0.6% over the past month and at the moment are 2.7% larger than they have been 12 months in the past.
Clearly, the property cycle is shifting on however our markets are very fragmented.
Supply: Cotality July seventh 2025
In fact, these are “general” figures – there’s not one Sydney or Melbourne or Brisbane property market.
And numerous segments of every market are performing in another way.
Firstly of this cycle the higher quartile of the market lead the upswing however final yr the decrease quartile throughout each capital metropolis recorded a stronger consequence for housing values relative to its higher quartile counterpart.
The next chart reveals how numerous segments of every capital metropolis market are performing in another way with median-priced properties performing properly.
To assist hold you recent with all that is occurring in property, right here is my up to date weekly evaluation of information and charts as of seventh July 2025 supplied by SQM Analysis, Cotality, and realestate.com.au.
Present property asking costs
Property asking costs are a helpful main indicator for housing markets – giving a great indication of what is forward.
Right here is the most recent knowledge obtainable:
Sydney
| Property kind | Worth ($) | Weekly Change | Month-to-month Change % | Annual % change |
|---|---|---|---|---|
| All Homes | 2,057,737 | 0.696 | 0.4% | 6.2% |
| All Models | 846,410 | 3.490 | 0.1% | 4.1% |
| Mixed | 1,564,899 | 1.833 | 0.3% | 5.5% |
Supply: SQM Analysis
Melbourne
| Property kind | Worth ($) | Weekly Change | Month-to-month Change % | Annual % change |
|---|---|---|---|---|
| All Homes | 1,303,243 | 2.000 | 1.1% | 3.4% |
| All Models | 629,729 | -1.834 | -0.6% | 4.2% |
| Mixed | 1,090,575 | 0.790 | 0.7% | 3.3% |
Supply: SQM Analysis
Brisbane
| Property kind | Worth ($) | Weekly Change | Month-to-month Change % | Annual % change |
|---|---|---|---|---|
| All Homes | 1,252,658 | 2.042 | 1.2% | 12.0% |
| All Models | 731,112 | -1.712 | 1.8% | 15.8% |
| Mixed | 1,121,595 | 1.098 | 1.3% | 12.5% |
Supply: SQM Analysis
Perth
| Property kind | Worth ($) | Weekly Change | Month-to-month Change % | Annual % change |
|---|---|---|---|---|
| All Homes | 1,151,769 | 1.728 | 1.2% | 12.6% |
| All Models | 635,810 | -0.369 | -1.3% | 20.6% |
| Mixed | 1,016,627 | 1.179 | 0.8% | 13.7% |
Supply: SQM Analysis
Adelaide
| Property kind | Worth ($) | Weekly Change | Month-to-month Change % | Annual % change |
|---|---|---|---|---|
| All Homes | 1,063,501 | 2.599 | 2.1% | 17.3% |
| All Models | 557,604 | -4.209 | 0.2% | 18.7% |
| Mixed | 972,524 | 1.375 | 1.9% | 17.4% |
Supply: SQM Analysis
Canberra
| Property kind | Worth ($) | Weekly Change | Month-to-month Change % | Annual % change |
|---|---|---|---|---|
| All Homes | 1,198,299 | 14.076 | 3.7% | -1.0% |
| All Models | 597,937 | -0.712 | 0.2% | -0.4% |
| Mixed | 974,596 | 8.566 | 2.9% | -1.4% |
Supply: SQM Analysis
Darwin
| Property kind | Worth ($) | Weekly Change | Month-to-month Change % | Annual % change |
|---|---|---|---|---|
| All Homes | 766,277 | -7.277 | -1.2% | 16.4% |
| All Models | 411,640 | 2.110 | 1.1% | 9.8% |
| Mixed | 626,937 | -3.589 | -0.6% | 14.6% |
Supply: SQM Analysis
Hobart
| Property kind | Worth ($) | Weekly Change | Month-to-month Change % | Annual % change |
|---|---|---|---|---|
| All Homes | 844,272 | 0.182 | -0.4% | 7.2% |
| All Models | 496,250 | 5.050 | -1.6% | -1.6% |
| Mixed | 791,286 | 0.923 | -0.5% | 6.2% |
Supply: SQM Analysis
Nationwide
| Property kind | Worth ($) | Weekly Change | Month-to-month Change % | Annual % change |
|---|---|---|---|---|
| All Homes | 1,004,449 | 1.028 | 0.5% | 9.7% |
| All Models | 582,812 | -0.911 | 0.4% | 5.3% |
| Mixed | 913,288 | 0.609 | 0.5% | 9.0% |
Supply: SQM Analysis
Cap Metropolis Common
| Property kind | Worth ($) | Weekly Change | Month-to-month Change % | Annual % change |
|---|---|---|---|---|
| All Homes | 1,488,862 | -2.522 | 0.3% | 7.3% |
| All Models | 731,701 | 2.532 | 0.2% | 6.6% |
| Mixed | 1,263,455 | -1.017 | 0.3% | 6.9% |
Supply: SQM Analysis
The worth of property asking costs as a number one indicator for housing markets is sort of important.
In actual fact it is extra precious than median costs which could be fairly deceptive.
Let’s delve into why that is the case and the way it impacts the actual property market.
- Early Market Sentiment Indicator: Asking costs typically mirror the present sentiment of sellers in the actual property market.
If sellers are assured, they could set larger asking costs, anticipating sturdy demand.
Conversely, if sellers are unsure or understand a market downturn, they could decrease their asking costs to draw patrons.
This makes asking costs a real-time indicator of market sentiment, typically previous adjustments in precise gross sales costs. - Predictive of Future Worth Traits: Traits in asking costs could be predictive of the place the precise property costs are headed.
For instance, a constant rise in asking costs over a interval can sign an upcoming rise in transaction costs. - Influence of Financial Components: Financial components reminiscent of rates of interest, employment charges, and broader financial well being affect asking costs.
For example, adjustments within the Reserve Financial institution of Australia’s insurance policies or shifts within the job market can shortly mirror within the asking costs, offering insights into how these components are influencing the housing market. - Regional Variations: In a various market like Australia’s, asking costs can even present insights into regional disparities.
For example, the property markets in Melbourne and Sydney would possibly behave in another way from these in Brisbane or Perth. Asking costs can provide early indications of those regional traits. - Affect of Provide and Demand: Asking costs are additionally a response to the stability of provide and demand available in the market.
In areas with restricted provide and excessive demand, asking costs are typically larger and vice versa.
Nevertheless, it is necessary to notice that whereas asking costs are a precious indicator, they shouldn’t be utilized in isolation.
Different components like precise gross sales costs, time in the marketplace, public sale clearance charges, and financial situations additionally play essential roles in understanding the property market dynamics.
READ MORE: The newest median property costs in Australia’s main cities
Final weekend’s public sale report
Public sale volumes fall throughout the mixed capitals
The variety of properties taken to public sale fell to 1,786 final week, the bottom because the King’s Birthday lengthy weekend 4 weeks prior, however barely larger than on the identical time final yr (1,776).
73.1% of properties have reported a profitable outcome up to now, down from 74.5% the week prior (revised right down to 67.9% which was the very best remaining clearance fee since March 2024).
The preliminary public sale clearance fee has held above the 70% mark for the previous 4 weeks and throughout eight of the previous ten weeks.
Melbourne hosted probably the most auctions final week, with 756 properties going underneath the hammer, a pointy fall from the week prior when 962 properties have been taken to public sale.
75.5% of Melbourne auctions have reported a optimistic outcome up to now, up from 75.2% per week earlier which revised again to 68.2% as soon as finalised.
Melbourne’s preliminary clearance fee has held above the 70% mark constantly for the previous ten weeks and above 75% over the previous three weeks.
691 properties went underneath the hammer in Sydney, down from 771 auctions held per week earlier.
The preliminary public sale clearance fee got here in at 72.5%, one share level down from the week prior (73.5%) which revised again to 67.2% on remaining numbers.
Sydney’s preliminary public sale clearance fee has held above 70% for the previous 4 weeks however has constantly tracked under Melbourne’s.
Brisbane led the amount of auctions throughout the smaller capitals, with 155 properties taken to market final week.
70.8% of properties have bought primarily based on outcomes reported up to now, down from 76.1% the earlier week and the second week operating the place the preliminary clearance fee has been above 70%.
There have been 102 properties auctioned in Adelaide final week, with 65.7% of outcomes reported as profitable up to now.
Throughout the ACT, 69 auctions have been held final week, with a preliminary clearance fee of 73.1%, the very best because the second week of March 2025.
Three of the 5 public sale outcomes reported in Perth final week have been profitable, whereas the one public sale outcome reported in Tasmania was not.
The quantity of auctions is about to fall additional this week, with roughly 1,445 capital metropolis properties at the moment scheduled for public sale, rising to round 1,500 subsequent week.
Our rental markets
Based on Cotality, rental development has continued to ease throughout most of Gross rental yields, dwellings Australia, with the nationwide rental index rising 1.3% via the June quarter, the bottom Q2 change since 2020 (-1.7%).
Throughout the capital cities, the ACT recorded the smallest quarterly rise throughout the capital cities, with rents up 0.3% over the quarter, adopted by Melbourne and Adelaide with a three-month enhance of 0.7%.
Darwin stood out with the strongest quarterly raise in rents, up 2.9%, adopted by Brisbane with a 2.0% enhance and Sydney up 1.5%.
Sydney
| Property Sort | Lease ($) | Weekly change | Month-to-month change | 12 Months change |
|---|---|---|---|---|
| All Homes | $1,073.55 | 3.45 | -0.2% | 2.7% |
| All Models | $702.43 | -1.43 | -0.5% | 0.4% |
| Mixed | $852.94 | 0.54 | -0.3% | 1.6% |
Supply: SQM Analysis
Melbourne
| Property Sort | Lease ($) | Weekly change | Month-to-month change | 12 Months change |
|---|---|---|---|---|
| All Homes | $764.98 | 1.02 | 1.1% | 2.5% |
| All Models | $575.95 | 0.05 | 0.8% | 2.6% |
| Mixed | $654.64 | 0.52 | 1.0% | 2.6% |
Supply: SQM Analysis
Brisbane
| Property Sort | Lease ($) | Weekly change | Month-to-month change | 12 Months change |
|---|---|---|---|---|
| All Homes | $761.43 | 0.57 | 1.0% | 3.9% |
| All Models | $601.16 | -0.16 | 0.4% | 4.2% |
| Mixed | $689.28 | 0.24 | 0.8% | 4.0% |
Supply: SQM Analysis
Perth
| Property Sort | Lease ($) | Weekly change | Month-to-month change | 12 Months change |
|---|---|---|---|---|
| All Homes | $825.13 | -1.13 | -1.1% | 4.6% |
| All Models | $658.97 | 2.03 | 0.7% | 5.9% |
| Mixed | $756.27 | 0.21 | -0.4% | 5.1% |
Supply: SQM Analysis
Adelaide
| Property Sort | Lease $) | Weekly change | Month-to-month change | 12 Months change |
|---|---|---|---|---|
| All Homes | $671.10 | 1.90 | 1.7% | 3.0% |
| All Models | $526.54 | 2.46 | 1.0% | 7.2% |
| Mixed | $622.03 | 2.12 | 1.5% | 4.2% |
Supply: SQM Analysis
Canberra
| Property Sort | Lease ($) | Weekly change | Month-to-month change | 12 Months change |
|---|---|---|---|---|
| All Homes | $787.98 | -10.98 | -0.8% | 5.0% |
| All Models | $582.33 | 0.67 | -0.5% | 4.0% |
| Mixed | $675.59 | -4.68 | -0.7% | 4.4% |
Supply: SQM Analysis
Darwin
| Property Sort | Lease ($) | Weekly change | Month-to-month change | 12 Months change |
|---|---|---|---|---|
| All Homes | $788.43 | 8.57 | 7.9% | 13.9% |
| All Models | $551.97 | 0.03 | 1.7% | 17.2% |
| Mixed | $648.46 | 3.58 | 4.7% | 15.7% |
Supply: SQM Analysis
Hobart
| Property Sort | Lease 9$) | Weekly change | Month-to-month change | 12 Months change |
|---|---|---|---|---|
| All Homes | $573.40 | 0.60 | -0.2% | 7.0% |
| All Models | $497.37 | -5.37 | 2.0% | 7.0% |
| Mixed | $543.03 | -1.76 | 0.6% | 7.0% |
Supply: SQM Analysis
Nationwide
| Property Sort | Lease ($) | Weekly change | Month-to-month change | 12 Months change |
|---|---|---|---|---|
| All Homes | $724.00 | -4.00 | 0.3% | 4.6% |
| All Models | $562.00 | -1.00 | -0.5% | 2.6% |
| Mixed | $648.87 | -2.59 | 0.0% | 3.8% |
Supply: SQM Analysis
Cap Metropolis Common
| Property Sort | Lease ($) | Weekly change | Month-to-month change | 12 Months change |
|---|---|---|---|---|
| All Homes | $864.00 | 1.00 | 0.7% | 3.1% |
| All Models | $640.00 | -1.00 | 0.0% | 2.1% |
| Mixed | $744.87 | -0.04 | 0.4% | 2.6% |
Supply: SQM Analysis
Sellers of fine properties are on strike
The stream of newly marketed inventory rebounded in Might, with 35,069 properties listed on the market nationally over the 4 weeks to June 1st.
Whereas down -7.0% in comparison with this time final yr and -1.9% under the earlier five-year common, the four-week depend on new listings is up 11.1% from the latest low recorded over the 28 days to April twenty seventh, when consecutive lengthy weekends together with tariff uncertainty impacted itemizing exercise.
Regardless of the uptick in new listings, complete itemizing ranges have continued to ease, with 133,725 listings noticed nationally over the 4 weeks to June 1st studying is the bottom nationwide depend for this time of yr since 2007, when roughly 115,000 properties have been marketed on the market.
Supply: Cotality, June 2025
Vendor metrics
As the next chart reveals, it is taking longer to promote a house.
The nationwide median time on market rose to 34 days over the three months to Might after briefly dipping to 30 days over the three months to April.
In comparison with this time final yr, properties are taking longer to promote throughout all capitals besides Darwin (41 days) and Canberra (49 days), with the median days on market reducing by 12 and two days, respectively.
