Strong price growth continues
Australian residential property values have continued their upward trend in recent months , though June saw a deceleration with both houses and units recording a modest 0.2 per cent monthly increase . The ongoing scarcity of available properties and limited listings has intensified competition , driving up prices in both capital cities and regional markets .
The recent inflation surge has shifted discussions from potential interest rate cuts to possible increases , with some speculating a hike as early as August . This shift is expected to temper property listings and sales volumes , as higher borrowing costs may further strain affordability and cause delays in purchasing decisions . Over the past year , house prices have experienced a significant 9.5 per cent increase , bringing the national median to $ 886,818 . Similarly , unit prices have risen by 7.1 per cent annually , reaching a median of $ 656,066 nationwide .
Strong price growth continues
Geometric mean price house and unit ($ 000 ' s ) - Australia
House
800K
700K
600K
Unit
500K
400K
300K
200K
100K
0 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024
Source : Neoval