Momentum builds as property prices continue climbing
27/05/2025
Australia’s median property price climbed another 0.5% in May, following rises of 0.3% in April, 0.4% in March and 0.3% in February, according to Cotality.
The 1.7% rise over the past four months follows a 0.4% decline in the three months to January – just before the Reserve Bank of Australia delivered its first cash rate cut in February.
“The continued momentum we’re seeing across almost all markets is no doubt being fuelled by rate cuts – both those that have already happened, but also potential cuts in the coming months,” Cotality Research Director Tim Lawless said.
“With interest rates falling again in May, we are likely to see a further positive influence flowing through to housing values in June and through the rest of the year.”
In a rising market, buyers who are able to move faster can potentially save thousands – or even tens of thousands – of dollars on their purchase price. So if you’re thinking about entering the market, We recommend you contact us soon. We’ll explain what paperwork is required to apply for a home loan and manage your pre-approval application. Once that’s in place, you can begin your property search in earnest.
