@realty Achieves Nearly $600M in Sales
The @realty network recorded another strong month, with $597,852,821 in property sales across Australia and New Zealand in September 2025. The spring selling season is in full swing, and the housing market continues to build momentum.
National home prices rose 0.5% in September, marking the ninth consecutive month of growth and lifting values 6.2% higher than a year ago—equating to an average $54,100 gain in the median home price. Over the past five years, national prices have surged 50.6%, pushing values to record highs.
Key Insights from September 2025:
- National growth: +0.5% in September, +6.2% year-on-year.
- Capital cities: +0.6% in September, +6.0% year-on-year, with record highs in nearly all capitals.
- Top performers: Hobart (+0.8%) and Sydney (+0.7%) led monthly growth, while Darwin (+11.4%) and Brisbane (+10.2%) led annual gains.
- Melbourne: Prices have fully recovered their 2022 peak, returning to record highs.
- Regional markets: +0.4% in September, +7.1% year-on-year, outperforming capital cities over the past five years due to lifestyle demand and relative affordability.
Market Trends
Momentum is shifting east, with Sydney, Melbourne, and Hobart showing re-acceleration, while Perth, Brisbane, and Adelaide are stabilising after multi-year surges. Despite slower growth in these cities, values remain at record highs.
Both houses and units are rising at a similar pace, with September gains of +0.5% and +0.6% respectively. Over the past year, house values rose +6.3% and units +6.1%. Since the pandemic, however, houses have strongly outperformed (+54.1% vs. +40.5%).
Buyer demand is strengthening, with enquiries per listing at a three-year high and online search activity at its strongest since late 2021.
Outlook
With interest rates trending lower and further cuts expected, borrowing power and buyer confidence are rising. The expansion of the Home Guarantee Scheme in October is set to boost first-home buyer demand, while constrained supply is likely to fuel further competition.
Although affordability pressures remain, national price growth is broadly in line with the decade average and well below the 20–30% surges of earlier booms. The spring selling season is set to deliver continued gains, though the pace of growth will vary across markets as momentum shifts eastward.
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