August '25 Update
Australian monthly price index
Published 01/08/25 · Past updates ↰
/// EXPERIMENTAL ///
This is a new index model, we are still fully evaluating the results
Suggested reading: Our Core Index Set, The Distribution Model, The Geometric Mean for Property Price Indices
Model inputs are supplied under licence
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Capital Cities Overview
The capital cities continue to show consistent positive movement for both house and unit markets. Perth has seen the most sustained growth over the past 12 months.
There has been some notable reshuffling in the price hierarchy among the capital cities. Brisbane house prices are now higher than Melbourne. This change is mainly because Melbourne's growth has been flat compared to other cities. For units, Brisbane has risen from fourth place to second. There is now only $10k separating geometric mean prices for units in Melbourne, Canberra - Queanbeyan, Adelaide, and Perth.
Regional Centres
Year-on-year growth for all of our key regional indices is currently positive. WA is showing the strongest growth on a five-year basis for both houses and units (Bunbury and Busselton). The Gold Coast and Sunshine Coast maintain their position as the highest-value regional centres for both houses and units.
Capital City SA4s
The fastest growth in the past five years has been in North Adelaide, closely followed by South East and South West Perth.
On a five-year basis for houses, all regions in Sydney have grown faster than all of Melbourne. This hasn't been the case for units though; outer Melbourne is growing faster than inner Melbourne as well as both inner and outer Sydney. Inner Melbourne units are the lowest growth metro SA4 over the past five years.