Australian Property Prices: Where They’re Headed Until Mid-2025
Are Home Prices Set to Keep Climbing?
Australia’s property market has seen strong growth, despite high interest rates and cost-of-living pressures.
According to CoreLogic, home values nationwide have surged 8.3% over the past 12 months.
But will prices continue rising? Or can we expect a slowdown?
The Big Picture: Prices Likely to Keep Rising
Why Property Prices Are Holding Strong
A tight housing supply, combined with low property listings, is fuelling competition among buyers. On top of that, migration growth is keeping demand high.
📌 According to Domain, the biggest factor shaping prices is the tug-of-war between affordability and availability—which will drive the market through to June 2025.
City-by-City Property Price Forecasts
Brisbane
Brisbane’s market has seen 16.3% growth over the past year. Expect more price increases:
📈 Forecast price growth: 6-8%
🏡 Projected house price: Up to $998,500 by mid-2025
Sydney
Sydney’s median house price could hit $1.76 million if growth continues at 6-8%.
🏢 Apartment prices may rise 4-6%, reaching $855,000.
Melbourne
Melbourne is expected to have slower price growth:
📉 Houses: 0-2% growth, leaving prices between $1.03M–$1.05M
🏢 Units: Could rise by up to 4%
📌 Regional Victoria is the only market where prices may drop, with falls of 0-3% expected.
Adelaide
Adelaide could become a million-dollar city:
📈 Forecast growth: 7-8%
🏡 Projected house price: Up to $984,000 by June 2025
Perth
Perth has been one of the hottest markets, with 22% growth over the last year. Expect more price increases:
📈 Forecast growth: 8-10%
🏡 Projected house price: Up to $856,000
Canberra
Canberra’s housing market is set for moderate growth:
📈 Houses: Up to 4% increase
🏢 Apartments: 1-4% growth
🔎 Stay updated on market trends via CoreLogic’s property research: CoreLogic Market Reports.
What to Consider Before Buying
Will Prices Really Keep Climbing?
Property forecasts are just predictions. While supply and demand are pushing prices higher, factors like stagnating incomes and a weaker jobs market could slow growth.
📌 The best time to buy is when you feel financially ready—not just when market conditions seem favourable.
Get Expert Home Loan Advice
How CBM Mortgages Can Help
We can help you:
✅ Understand your borrowing power
✅ Assess your home loan approval chances
✅ Find the best mortgage for your needs
📌 Want to calculate home buying costs like stamp duty? Visit our calculators page here: CBM Mortgages Home Loan Calculators.
📞 Contact CBM Mortgages today to start your home-buying journey with expert guidance!
Read our blog post on property prices rebounding here
Disclaimer
This article provides general information only and does not constitute financial advice. Always consult a qualified financial advisor or mortgage broker to assess your personal situation before making any financial decisions.
Written by Craig McDonald 14/06/2025
