Knowledge Centre

Home values rising throughout the country

30/05/2025

The nation’s median property price hit a record-high $825,349 at the end of April, after increasing for the third consecutive month and 1.1% over the quarter, according to Cotality (formerly CoreLogic).

But the picture is slightly different when you drill down to the individual capital cities.

Three capitals, which already had record-high median prices, grew further over the quarter, further extending their record-high prices:

• Brisbane rose 1.0% to $907,864.
• Perth rose 0.7% to $807,728.
• Adelaide rose 0.9% to $825,776.

But the other five capitals remained below their previous peaks, despite all growing during the three months to April:

• Sydney rose 1.0% to $1,194,709, to be 1.1% below the peak of September 2024.
• Melbourne rose 1.0% to $786,158, to be 5.4% below the peak of March 2022.
• Canberra rose 0.6% to $864,343, to be 6.4% below the peak of May 2022.
• Hobart rose 0.9% to $664,462, to be 11.1% below the peak of March 2022.
• Darwin rose 3.4% to $526,410, to be 2.7% below the peak of May 2014.

If you want to buy a property before the end of 2025, now’s the time to start preparing. While seven months might feel like a long time, buying a home or investment property can take a while – and the process will move faster if you’re properly prepared.