Property Update - November 2025

Monthly highlights
 

• Quarterly growth in national dwelling values continues to pick up steam, rising 2.8% over the three months to October. This is the largest increase since July 2023 when the three-month change came in at 3.2%.

• The mid-sized capitals have continued to gain momentum through November, with the rolling 28-day change in Cotality’s daily Home Value Index across Perth, Brisbane and Adelaide up 1.9%, 1.8% and 1.4% respectively over the four weeks to November 10th.

• Sales activity is once again trending higher with Cotality estimating 48,764 sales nationally through October. The regions have seen a steady uptick in annual sales activity, with the rolling 12-month estimate up 5.1% compared to this time last year and 1.6% higher than the previous five-year average. Meanwhile, capital city sales counts are up only marginally (1.1%) above the levels seen this time last year (1.1%) but are 6.1% higher than average.

• The spring selling season has continued to ramp up, with 43,503 newly advertised listings counted over the four weeks to October 26th. While up 37.0% compared to the levels seen at the end of July, the flow of new listings remains -3.0% below the levels seen this time last year and roughly in line with the previous five-year average.

• The annual rate of growth in national rents continued to tick higher for the second consecutive month, with rents up 4.1% over the year to August. Both the combined capitals and regions have seen momentum build in rental trends. Since bottoming out in June, the 12 month change in capital city rents has lifted 70 basis points to 3.4%, while the change in regional rents shifted from 5.3% over the 24/25 Financial year, to 5.8% over the year to August.

• Momentum continues to build in the national rental value trend, with the rolling 12-month change coming in at 4.6% in October, the highest rate over the year-to-date. Across the combined regions, rents have risen by 6.1% over the past year, equivalent to a $34 per week increase at the median weekly rent value. Meanwhile, the 4.0% lift seen in capital city rents has added roughly $27 per week to the typical rent bill over the 12 months to October.

• The volume and value of new home loan commitments rose in the June quarter, up 1.9% and 2.0%, respectively. Investors drove the increase in volume, with loan commitments rising 3.5% over the quarter compared to the 0.9% lift for owner occupiers. For loan value, however, owner occupiers accounted for most of the rise, with the total value of commitments up 2.4%, versus a 1.4% increase in total investor loan value.

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