News & Tips
Property prices accelerate into spring, fuelled by historically low supply.
Following today's release of Cotality Home Value Results, the following statement can be attributed to Oliver Hume Chief Economist, Matt Bell.
The jump in land sales that we saw in the June quarter has continued into July and now August numbers based on Oliver Hume Property Group’s sales database. The three rate cuts to date have been a big part of the recovery, especially in Melbourne, but rising established prices are also key.
The strong established dwelling price growth reported by Cotality today points to better times for land markets across the country for the remainder of 2025 and into 2026.
September’s 0.8% increase in national dwelling prices was the eighth consecutive and largest monthly increase in nearly 2 years. The 0.9% increase across capital cities now annualises above 10% if the trend continues.
With yesterday’s RBA cash rate hold and some forecasters now unsure about further rate cuts in 2025, continued established price growth will be a key driver of the delivery of more new housing.
Once again, the distribution of rises across the country has Brisbane, Perth and Adelaide leading the country in house price growth. Although Melbourne’s monthly price growth lagged other major capitals, annual growth has pushed higher to be up 1.9% annually. Brisbane (8.8%) and Perth (7.5%) still lead the way.