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.
Price record for the Blue Mountains
The sale of 55 Hargraves Street, Blackheath for $4,600,000 represents the highest priced residential sale in the Blue Mountains in the last 3 years (Source: PriceFinder 16th May 2025). Amazing result by the team at Ray White Upper Blue Mountains.
Unseasonably hot August auctions! Bidders flocked to the streets in crowds across the country today, with many agents and auctioneers commenting on confidence in bidding and the feeling of Spring in the air. Australasia’s largest real estate group reported a preliminary clearance rate of 70 per cent nationally. The city … Read more
Blue Mountains property market June 2024 – If the first weekend of winter was a sign of things to come then we are in for a strong Winter selling season. In the Blue Mountains many buyers started their long weekend by inspecting a property for sale. Inspections rates were definitely … Read more