National housing values continued upward momentum in July, rising 0.6% for the month and bringing quarterly growth to 1.8% - the strongest quarterly outcome since the three months ending June last year. Annual growth now stands at 3.7%, accelerating from 3.4% in June. Capital cities (1.8%) matched regional markets (1.7%) for quarterly growth, with Sydney and Brisbane maintaining record highs while Darwin achieved its first new peak in over 11 years.
| Capital City | 3-Month Growth | Annual Growth | Rental Growth (Annual) | Gross Yield | Market Status | Key Characteristics |
|---|---|---|---|---|---|---|
| Sydney | +1.8% | +1.6% | +1.8% | 3.0% | Record High | Sustained premium market strength, accelerating momentum |
| Melbourne | +1.2% | +0.5% | +1.2% | 3.7% | 3.4% below peak | Recovery gaining pace, improved quarterly performance |
| Brisbane | +2.3% | +7.3% | +3.8% | 3.6% | Record High | Leading quarterly growth, strong interstate demand |
| Adelaide | +1.5% | +7.0% | +4.7% | 3.7% | Record High | Consistent performer, ongoing affordability appeal |
| Perth | +2.6% | +6.5% | +4.9% | 4.2% | Record High | Strong quarterly gains, mining sector support |
| Hobart | +0.1% | +1.9% | +5.3% | 4.4% | 10.1% below peak | Modest growth, rental market remains tight |
| Darwin | +5.6% | +8.5% | +6.2% | 6.4% | Record High | New peak achieved, strongest quarterly growth nationally |
| Canberra | +1.3% | +0.5% | +1.6% | 4.1% | 5.1% below peak | Gradual improvement, government sector stability |
| Regional Market | 3-Month Growth | Annual Growth | Rental Growth (Annual) | Gross Yield | Market Characteristics |
|---|---|---|---|---|---|
| Regional NSW | +0.9% | +3.7% | +4.6% | 4.1% | Stable growth trajectory, coastal markets resilient |
| Regional Victoria | +1.4% | +1.9% | +4.2% | 4.3% | Improving conditions, tree-change demand rising |
| Regional Queensland | +2.5% | +8.4% | +5.6% | 4.4% | Mining regions leading growth, strong fundamentals |
| Regional South Australia | +2.0% | +11.2% | +5.7% | 4.6% | Exceptional performance continues, wine regions strong |
| Regional Western Australia | +2.6% | +12.0% | +10.3% | 5.9% | Leading annual growth, mining sector driving demand |
| Regional Tasmania | -1.0% | +2.4% | +2.7% | 4.6% | Soft quarterly conditions, tourism sector recovery |
| Regional Northern Territory | +1.0% | -1.9% | +4.1% | 7.6% | Volatile market, high yields offsetting value decline |
Momentum Building: With quarterly growth accelerating to 1.8% and monthly gains holding steady at 0.6%, the growth cycle appears to be gaining momentum through the second half of 2025. Further RBA rate cuts expected to support continued buyer activity.
Regional Strength Continues: Regional markets maintaining strong fundamentals, particularly in WA and SA, supported by resource sector activity and lifestyle migration trends from major cities.
Capital City Divergence: Sydney and Brisbane at record highs with accelerating momentum, while Melbourne's recovery strengthens. Darwin's achievement of new peak values after 11 years highlights improving market conditions.
Supply Constraints Persist: With 44.8% of suburbs nationally at peak values and total listings 16.7% below five-year averages, supply shortages likely to continue supporting price appreciation across most markets into spring selling season.
Data sourced from Cotality Monthly Housing Chart Pack August 2025 • This report provides general market information and should not be considered as financial advice