Australia’s property market has reached a significant milestone in September, with the national median house price hitting $970,000, reflecting a 0.6 per cent monthly increase and 8.9 per cent annual growth. Units have similarly reached $710,000, posting a 0.5 per cent monthly gain and 6.9 per cent year-on-year appreciation. This sustained momentum comes despite the Reserve Bank’s decision to hold the cash rate at 3.60 per cent in September, demonstrating the market’s resilience in the face of these interest rates.
The Ray White Now monthly report for October 2025 is out now. Deep dive into our data, with a focus on:
The Reserve Bank of Australia has held the cash rate steady at 3.60 per cent, opting for caution in the face of a surprisingly strong inflation surge and a labour market that is clearly losing momentum. Last week’s inflation data delivered an unambiguously hot read. The Consumer Price Index rose … Read more
National house prices rose 0.6 per cent and units 0.5 per cent over the month, a marked slowdown from August’s “sugar hit” surge of 1.3 per cent and 1.0 per cent respectively. Australia’s housing market cooled to a more sustainable pace in September following August’s rapid acceleration. National house prices … Read more