Press Release
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July 11, 2025
Monthly Housing Chart Pack - July 2025
Almost 45% of all suburbs across Australia are now at a record high in value, according to Cotality’s latest Housing Chart Pack.
The suburb-level analysis reveals the broad-based nature of the current housing upswing, with values across 44.8% of the 3,722 suburbs analysed sitting at a peak at the end of June - a share expected to rise in coming months.
Markets in Queensland and Western Australia have led the charge.
Brisbane and Regional Queensland recorded the highest share of suburbs at peak, at 78.8% and 77.7% respectively. Perth followed with 74.8% of suburbs recording all-time highs, while Adelaide, Regional SA and Regional WA saw 61.4%, 58.8% and 53.6% of suburbs at peak respectively.
Although the majority of suburbs nationwide are not currently at a record high, momentum is building. At the end of June, values across 329 suburbs were within 0.5% of their previous peak, with 290 of those recording value rises over the quarter.
With national dwelling values up 0.6% in June, the proportion of suburbs at peak is expected to climb above the 50% mark in the coming months.
Cotality Economist Kaytlin Ezzy said the figures show the widespread nature of housing market's recent recovery.
“While national indices provide a macro view, suburb-level data shows how widespread this growth phase really is. The fact that so many suburbs are either at or just shy of their peak shows not only the diverse recovery in markets like Sydney and Melbourne, but also the continued resilience of recent hotspots including Brisbane, Perth and Regional Australia.”
The analysis also highlights how market performance has diverged across the country over recent years.
Several cities - including Sydney, Perth, Adelaide and now Darwin - have returned to peak, while others are still making up ground.
Ms Ezzy noted that variation in localised economic conditions, housing supply levels and migration trends continue to drive differences among individual markets recovery pace.
While most capitals and rest of state regions are celebrating new highs, recovery in others have been more sluggish.
“Across Melbourne, only 12.9% of suburbs saw record highs in June. In Canberra, only eight markets were at peak, while just one suburb (Brighton) recorded new highs in Hobart.”
“Despite home values trending higher though much of most of 2025, values across these broader regions remain -3.9%, -5.3% and -10.2% below their respective 2022 peaks.”
“While this might be received as bad news for homeowners, prospective buyers in these markets are in the position to access housing at prices lower than they were three years ago.”
Darwin housing market reaches new record high after 11-year wait
Among the standout recoveries is Darwin, where dwelling values reached a new record high in June, the city’s first in more than a decade.
Darwin’s housing market has turned a significant corner after a prolonged downturn which saw values fall 26.7% between 2014 and 2020.
“Market dynamics across Darwin’s housing market have undergone a remarkable transformation,” said Ms Ezzy.
“After years of subdued conditions following the end of the mining infrastructure boom, we’re now seeing demand and supply rebalancing in a way that supports further value growth.
“Investor activity has surged 98.2% year-on-year, while advertised supply remains tight and sales volumes have jumped 44%, all contributing to a renewed upswing in values.”
“Although unit values across the city remain below their previous highs, the broader dwelling market has firmly turned a corner.”
Other highlights from the July Housing Chart Pack include:
- Cotality estimates the combined value of residential real estate held steady at $11.5 trillion at the end of June.
- National housing values rose 1.4% over the second quarter of the year, with the pace of growth accelerating from the 0.9% rise seen in Q1 and -0.1% decline recorded over the three months to December.
- National home values rose 3.4% over the 24-25 financial year, matching the 3.4% rise seen over the 12 months to May. With the quarterly growth rate gaining momentum, the annual trend is likely moving through a low point. The growth trend is expected to gradually rise in the second half of the year.
- While the combined regions (1.6%) are still outperforming the capitals (1.4%) on a quarterly basis, the performance gap has narrowed, with the combined capitals recording stronger monthly gains through both May and June (0.6% vs 0.5%).
- Across the capitals, Darwin continued to lead the pace of quarterly growth, with dwelling values up 4.9% over the three months to June. Followed by Perth and Brisbane, with values increasing 2.1% and 2.0% respectively.
- Cotality estimates there were 531,457 sales nationally over the 2024-25 financial year, up 2.7% from the 517,597 seen in the 2023-24 FY.
- Nationally, properties are taking longer to sell with the median time on market rising to 35 days in the June quarter, up from 34 days over the March quarter and 29 days in Q2 2024.
- With just 33,159 new properties advertised for sale nationally over the four weeks to June 29th, the current flow of freshly listed stock is at its lowest point for this time of year since 2020.
- The shortfall in new listings, coupled with a strong absorption rate has seen total listings drift lower, coming in -16.7% below the historic five-year average for this time of year.
- Rental growth continued to ease in the June quarter, with the national rental index recording its smallest Q2 increase (1.3%) since 2020.
- The July ‘Chart of the Month’ shows the recovery phase of the Darwin dwelling market, with the city’s home value index recording a new record high in June for the first time in 11 years.