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.
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.
Average West End Sale Prices July 2025
1 bed apartment $560,000 (Low $445,000 High $715,000)
2 bed apartment $841,625 (Low $695,000 High $1,355,000)
3 bed apartment $1,635,000 (Low $1,035,000 High $2,300,000)
House $1,768,000
REA 1/8/2025