Home Prices Hit New Heights in March 2025!

Australia's property market continues its upward momentum as national home prices hit a new record high in March 2025, according to the latest PropTrack Home Price Index.

National Growth Driven by Buyer Confidence

Home prices across the country increased by 0.27% in March, marking a 3.91% rise compared to the same time last year. Over the past five years, values have soared by nearly 48%, demonstrating the market's long-term resilience and growth.

This latest rebound has been largely fueled by a boost in buyer confidence following the Reserve Bank’s decision to cut interest rates in February 2025. The rate cut has improved borrowing capacity for many Australians, which in turn has increased housing demand and positively influenced price movements across both capital cities and regional areas.

Capital Cities Lead the Recovery

Among the capitals, Canberra led the charge with a monthly growth of 0.54%, followed by Sydney with a 0.47% rise. Melbourne also showed a strong comeback, posting its largest quarterly gain in over a year after previous periods of stagnation.

Though Brisbane (+0.07%), Adelaide (+0.18%), and Perth (+0.15%) posted more modest monthly gains, they remain the strongest performers annually, with home values up by 9.39%, 11.32%, and 11.53% respectively.

Regional Markets Steady and Strong

Regional areas continued their steady growth, rising by 0.18% in March, bringing annual growth to 4.59% — slightly outpacing capital cities, which posted 3.64% annual growth. This suggests that demand in lifestyle-focused and affordable regional hubs remains solid, particularly as remote and hybrid work trends persist.

Looking Ahead

With borrowing conditions improving and housing demand picking up, market sentiment remains positive. Capital cities are leading the rebound, but regional markets continue to offer strong returns and long-term potential.

Whether you're buying, selling, or investing, staying informed about these shifts is key to making smart property decisions in 2025.

Reference:
PropTrack Home Price Index – March 2025. Retrieved from: realestate.com.au

What our clients say

Great service and really friendly, and answers all your questions and concerns with reassurance. I would definitely recommend Kenneth for his fantastic service.

Theodore T

Peter is very expert when dealing with selling property. He will help to give his thought and expertise so the property can be sold at good price

nancy i

I had an incredible experience working with Kenneth. He sold my property in just 3 days! From the start, he demonstrated professionalism, excellent communication, and deep knowledge of the local market....

Jay K

I had a good experience with Kenneth purchasing our invesment property. Thank you.

Gordon Y

Great to work with and very professional

George S

I had an exceptional experience working with Kenneth to purchase my new home. Their professionalism, expertise, and dedication to finding the perfect property for me were truly impressive. They listened...

Harinderpal S