December 2025

The Australian property market took a strategic pause in November, with the national median house price holding steady at $940,000 for the first time since January. The median unit price similarly remained unchanged at $710,000.

This moment of stabilisation follows ten consecutive months of gains that delivered annual house price growth of 10.9 per cent (and 8.6 per cent for units), achieving the first double-digit annual result since the post-pandemic boom.

The core message for the end of the year is one of market maturation. While a period of explosive growth may be behind us, well-priced, quality properties in supply-constrained markets continue to be highly sought after.

Read the December 2025 Ray White Now report: Click the image below to read the December report