In September, Australian house and unit prices continued their upward trajectory, marking the strongest year-on-year growth since last year. House prices in Australia increased by 6.1%, with Perth leading the way at 8.6% growth, while units rose by 4.3%, notably in Brisbane and Adelaide. However, there was a slight monthly slowdown in September, with Perth houses experiencing a 0.5% drop and Adelaide units declining by 0.4%.
September saw a mixed picture in property listings, with most major cities experiencing a decline, except Canberra. Year-on-year, Australian listings increased by 3.1%. Sydney is a standout, with a substantial 26% increase in listings. Brisbane and Darwin are still below 2022 levels. The supply and demand imbalance suggests that price growth will likely continue.
September recorded a record number of auctions, exceeding 1,800. Active bidders also increased, with Adelaide and Brisbane being hotly contested markets. Despite the higher stock levels, clearance rates remained strong at 74.5% across all Ray White auctions, just slightly lower than August’s 75.6%.
The latest edition of Ray White Now is here. Ray White Now is our monthly deep dive into data that informs our agents and customers about market activity, buyer and seller sentiment and what to expect when coming to market. Our economics team, led by Ray White Chief Economist Nerida … Read more
Back-to-back-to-back! Three years of excellence and counting! We are extremely proud to announce that Ray White Carlingford has been named a winner at the 2025 RateMyAgent Awards, securing: 🏆 #1 Sales Agency in Carlingford 🏆 #1 Property Management Agency in Carlingford 🏆 #1 Property Management Agency in Epping This incredible … Read more