Home Prices Continue Their Upward Trend

As we move through November, the Australian property market continues to demonstrate steady resilience. The latest PropTrack Home Price Index (October 2025) shows that national home prices have risen once again, with the median price now sitting at $858,000. This represents a 0.6% increase for the month and 7.5% growth year-on-year, adding around $65,000 to the average home’s value since this time last year.

This marks the tenth consecutive month of price growth across the country. The continued upward trend is being driven by a combination of improving sentiment, stronger buyer activity, and limited housing supply.

Adelaide and Brisbane led the monthly gains, with prices climbing 1.2% and 0.9% respectively, while Sydney, Perth and Hobart all rose by 0.6%. Melbourne saw a modest lift of 0.5%, and Darwin remained one of the strongest performers over the year, with annual growth of 12.8%. Brisbane and Perth followed closely, up 12.6% and 11.8% respectively. Regional markets also held firm, recording a 0.6% rise in October and an annual increase of 7.9%.

According to PropTrack, the ongoing momentum can be attributed to several factors. Lower borrowing costs following recent rate cuts have improved buyers’ capacity to enter the market. Confidence has lifted as economic conditions stabilise, and while more listings are beginning to appear, the overall supply of homes remains tight. Combined with population growth and supportive government housing policies, these factors are helping to sustain demand across both capital cities and regional areas.

However, affordability continues to be a key challenge, particularly for first-home buyers. While prices are rising steadily, household budgets remain under pressure, and buyers need to plan more carefully to compete. It’s a seller’s market in many regions, with well-presented and accurately priced homes attracting strong attention, often selling quickly.

For those considering their next property move, timing and preparation are essential. Buyers should have their conveyancing and finance ready early, allowing them to move confidently when opportunities arise. Sellers can benefit from the current strength of the market, but accurate pricing and professional guidance remain crucial to achieving the best outcome.

At Eastern Conveyancing, we’ve seen first-hand how these trends are shaping property transactions. The market remains active, with a steady flow of contracts and settlements as both buyers and sellers work to secure their next move before the year ends. Our team continues to assist clients with clear advice and timely support, ensuring each transaction proceeds smoothly in an increasingly competitive landscape.

If you’re planning to buy, sell, or invest before the year wraps up, now is the ideal time to get your conveyancing sorted. Our experienced team is here to guide you through every step, providing expert service and local insight you can rely on.

Source: https://www.realestate.com.au/insights/proptrack-home-price-index-october-2025/