Australian property prices continued their remarkable acceleration in May 2025, with house prices rising 0.7 per cent to reach $926,806, delivering annual growth of 5.2 per cent. Unit values advanced 0.6 per cent to $687,144, achieving 4.5 per cent year-on-year appreciation.
The momentum that began with January’s recovery has intensified significantly following the Reserve Bank’s interest rate cuts, creating conditions reminiscent of 2021 and far exceeding early-year predictions. Perth continues its extraordinary trajectory toward the million-dollar threshold, while Sydney’s acceleration positions it for a potential two-million-dollar median by late 2026. Adding complexity to market dynamics, the Labor government’s proposed superannuation tax on unrealised gains over $3 million may prompt some SMSF property holders to reassess their portfolios, though immediate market impacts remain limited.
The Upper Blue Mountains property market continues to demonstrate resilience, with buyer demand remaining steady across a diverse range of purchaser groups, including local owner-occupiers, Sydney tree-changers, investors and retirees. While the number of transactions has eased compared to the same period last year, property values have continued to strengthen and homes are selling more … […]
The Upper Blue Mountains property market remains strong, driven by lifestyle demand and Sydney buyers seeking space and natural beauty. Blackheath’s median house prices are near $880,000 with solid annual growth and quick sales, reflecting steady buyer interest. Katoomba also shows healthy house values, with a median house price of $870,000 and reasonable days on … […]