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Australia’s housing market continued its winning streak in July, recording a 0.6 per cent rise in national values and extending six straight months of growth. The upswing is being fuelled by low supply, improved buyer sentiment, and easing interest rates, although affordability remains a challenge.Darwin led the charge with a 2.2 per cent increase, while Perth saw its strongest gain since 2023 at 0.9 per cent. All capital cities recorded growth, with houses outperforming units and pushing the price gap to a record $223,000. Over the quarter, dwelling values climbed 1.8 per cent, the highest in more than a year.With listings nearly 20 per cent below average and auction clearance rates staying strong, tight supply continues to favour sellers. As demand holds firm, those who act strategically can still achieve premium results in a competitive market.Explore the full analysis and market updates from other countries here!Download

Australia’s housing market extended its upward momentum in June, with national home values rising 0.6%, continuing a five-month streak of growth. This recovery follows a brief dip earlier in the year and is being driven by widespread regional gains—Hobart was the only capital city to record a minor decline. Quarterly, home values rose 1.4%, an acceleration from the 0.9% increase in Q1, signaling strengthening market sentiment. Falling interest rates since February, coupled with expectations for further cuts, have bolstered buyer confidence and lifted auction clearance rates. However, growth remains moderate compared to the pandemic-era boom. Supply constraints are reinforcing price resilience, with for-sale listings down 6% year-over-year and 17% below the five-year average. Capital cities have recently started to outperform regional markets on a monthly basis, although regions still lead on a quarterly scale. Darwin emerged as the top performer among capitals with a 4.9% quarterly rise, reaching new record highs, while Perth and Brisbane continued their strong runs. National home values are up 3.4% over the financial year, and if current trends hold, annual growth could reach 5.8%—just above the decade average. Still, affordability remains a limiting factor for how far prices can rise. Download the full newsletter for expert analysis and market updates from other countries.Download

Written by Lily Chong, Head of IQI GlobalAustralia’s housing market saw a solid rebound in May, with national dwelling values climbing 0.5%, bringing the year-to-date increase to 1.7%. This growth was consistent across all capital cities, each registering at least a 0.4% gain. According to CoreLogic's Tim Lawless, the momentum has been reignited by February and May interest rate cuts, lifting auction clearance rates and buyer confidence.While national annual growth slowed to 3.3%—the weakest since August 2023—only Melbourne and Canberra posted year-on-year declines, underscoring the overall market’s resilience. The narrowing performance gap between cities suggests a more synchronized market recovery, with even lagging regions like Melbourne showing early signs of stabilisation.Perth continues to dominate, supported by a robust economic backdrop, including low unemployment, diversified industry growth, and ongoing job creation. REIWA reported Perth’s median house price hit $780,000 in May—up 18% annually—while units soared 21% to $535,000. This is driven by sustained demand amid modest population growth and a solid employment base in Western Australia.Additionally, premium housing segments are gaining momentum, especially in Sydney and Canberra, reversing earlier trends that favored more affordable homes. Across the board, Australia’s property market is showing renewed vigor, with expectations of continued upward momentum through the second half of 2025.Click for more info!Download

Written by Lily Chong, Head of IQI AustraliaAUSTRALIA’S HOUSING MARKET REMAINS RESILIENT AMID SOFTENING GROWTHAustralia’s housing market continued its upward trajectory in April, with CoreLogic’s Home Value Index marking a third consecutive month of growth. National dwelling values rose by 0.3%, pushing the median home price to a new record high—adding approximately $2,720 in value over the month.Every capital city posted value gains, with Darwin leading at +1.1%. Sydney and Melbourne saw more modest increases of 0.2%. However, April’s growth eased slightly from March’s 0.4%, reflecting subdued buyer sentiment and a dip in auction clearance rates.Tim Lawless, CoreLogic’s research director, noted that the February rate cut initially stimulated housing momentum, but its effects are beginning to fade. Broader economic uncertainty—partly driven by international trade tensions and the upcoming federal election—has weighed on consumer confidence, prompting some buyers and sellers to delay their plans.This cooling trend was evident in reduced market activity. Auction volumes dropped to just 644 for the week ending April 20—the quietest Easter auction week since 2019. New listings also declined to 19,650 across the capital cities in the four weeks to April 27, marking a five-year low for this time of year.Looking ahead, market momentum could resume with a potential interest rate cut expected around May 20 and post-election clarity. CoreLogic forecasts modest price growth for the remainder of 2025.Despite the overall gains, not all cities have reached new price peaks. Only mid-sized capitals like Brisbane, Adelaide, and Perth have hit record highs. Sydney remains 1.1% below its September 2024 peak, while Melbourne lags 5.4% behind its 2022 high. Hobart, Darwin, and the ACT are still down 11.1%, 2.7%, and 6.4%, respectively.Annual price growth slowed to 3.2% in April—its lowest level since August 2023—underscoring the market's cooling from mid-2024 to early 2025, despite a rebound beginning in February.House values continue to outperform units. Over the past three months, house prices rose by 1.1% across the combined capitals, compared to 0.5% for units. Sydney showed the widest disparity, with house values rising 1.4% while unit values slipped 0.3%. Hobart followed a similar trend. Meanwhile, Melbourne and Adelaide recorded balanced growth, and Perth and Brisbane saw stronger unit price gains.Click here now for more info!Download