Eight Months Of Growth

Australia’s property prices have chalked up an eighth consecutive month of growth to reach a new record high.

Data from PropTrack shows that median house prices rose 0.5% over August to reach $924,000, while median unit values are also up 0.5% to $683,000.

The latest increases bring annual growth in the house market across combined capital cities to 5.1% and 4.5% across the unit market.

PropTrack senior economist, Eleanor Creagh, says the continuing growth means dwelling values have surged 50.4% in the past five years.

Darwin is continuing to push ahead, achieving the strongest median house price growth in the past 12 months of 10.2%.

Despite a slowdown in Perth transaction levels in recent months, it is still achieving strong house price growth of 8.9%, followed closely by Adelaide, 8.8% and Brisbane, 8.2%.

Sydney’s median house price is up 3.8% in the past 12 months, Hobart is up 3.2% and both Melbourne and the ACT are up by  2.7%. 

Creagh says the figures show that the housing upswing, once narrowly led by a handful of cities, is broadening and ushering in a more uniform phase of price recovery across the capital cities.

“Demand has re-accelerated in Sydney and Melbourne, marking a turnaround from the slower conditions observed in late 2024.  Darwin has swung from inertia in 2024 to leading annual growth amongst the capitals,” she says.

“Prices in both capital cities and regional areas are sitting at record highs. While growth across the capitals has rebounded in 2025, regional markets remain resilient, supported by affordability and lifestyle appeal.”