- Unit prices (Source: Emilie Lauer)
Unit prices in combined capital cities decreased by 0.4% during the March quarter, marking the first decline since 2023. Canberra and Melbourne experienced the most significant decline, with unit prices dropping by 5.7% and 3.2%, respectively. Despite the quarterly decline, units in combined capital cities saw a 3.2% growth over the past 12 months. Unit prices in regional areas rose by 0.8% over the March quarter and 5.3% year-on-year. Perth, Canberra, Melbourne, and Darwin experienced unit price declines, while Sydney, Brisbane, Adelaide, and Hobart saw increases. Global uncertainty and affordability issues may impact the property market in the coming months.
- Tree change (Source: Property Buzz)
Regional areas in Australia have seen a continued trend of city dwellers moving to rural areas, resulting in over 8000 people relocating from capital cities in the September quarter of 2024. This migration has led to property price growth in popular regional hotspots, with Murray Bridge in South Australia experiencing the highest year-on-year growth of 22.5%. Queensland dominated the tree-change category, gaining a net population of 3328 people through internal migration. Not all tree-change suburbs saw immediate price growth, but long-term data shows strong growth in many areas, such as Nambour in Queensland, which saw house prices rise 8.6% and unit prices increase 9.7% over the past decade. The data highlights the significant impact of population movement on property prices and suburb desirability.
- Building industry inquiry (Source: Property Buzz)
The Queensland government has launched an inquiry into the state’s building and construction industry to investigate conditions and address regulatory barriers that are slowing down housing projects, aiming to meet its share of the national target to build 1.2 million new homes by 2029. The inquiry, led by Angela Moody as productivity commissioner and Dr Karen Hooper as a commissioner, will deliver its findings within six months following public consultation. This is the latest initiative by the Crisafulli government to address Queensland’s housing crisis, following the abolition of stamp duty for first-home buyers purchasing new builds. The inquiry aims to improve construction productivity and reduce the housing deficit, which is currently projected to reach 96,000 homes in Queensland and 462,000 homes nationally.
- Property market (Source: Property Buzz)
Property investment experts suggest that Australian real estate remains a stable investment option despite economic uncertainty, with historical patterns indicating its resilience compared to other investment options. Factors such as supply constraints, strong demand, and its nature as a tangible asset contribute to the market’s stability. Despite challenges like low growth rates, international trade tensions, and political instability, property values continue to grow over the long-term.
- Settlement trends (Source: PEXA)
The latest PEXA report reveals that property settlements in Australia increased by 1.2% in the Mar-25 quarter, with QLD and SA recording the highest growth. The total value of property settled was $158.5 billion, up 5.3% from the previous year. The report also discusses the impact of macroeconomic factors, such as GDP growth and household consumption, on the property market. Additionally, the report mentions the impact of Cyclone Alfred on property settlements in South-East QLD and the increasing housing affordability issues in QLD.
- National home prices (Source: My Housing Market)
In April 2025, national home prices continued to rise, with a 0.8% increase reported for houses and a 1.0% increase for units. This was the highest monthly increase since April 2024 and followed a similarly strong result in the previous month. The national house price increase was 4.3% over the past year, with all major capitals except Canberra reporting house price growth. Unit prices also rose, with Brisbane, Adelaide, Perth, and Hobart recording the highest annual unit price growth. The strong economy, low interest rates, and chronic housing undersupply are expected to support positive growth for housing markets in 2025.
- Home value index (Source: CoreLogic)
The CoreLogic Australia Home Value Index reported a 0.3% increase in dwelling values in April, reaching a new record high. However, the pace of growth slowed down from the previous month, with uncertainty from tariffs and the federal election causing buyers and sellers to delay decisions. The annual pace of gains slowed to 3.2%, with Sydney, Melbourne, Hobart, Darwin, and ACT still below their all-time highs. House values are growing faster than unit values, with regional housing values continuing to outpace the capitals.
- CoreLogic Auction Results (Week ending 27 April 2025)
(Total Auction / Clearance Rate)
– Sydney: 399 / 63.7%
– Melbourne: 464 / 60.5%
– Brisbane: 97 / 52.1%
– Perth: 5 / 80%
– Canberra: 30 / 46.7%
– Adelaide: 81 / 63%
– Tasmania: NA / 0%
– Combined Capitals: 1,076 / 60.8%
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