Australia’s national dwelling values on the rise by 0.6% in July 2025

Australia’s national dwelling values on the rise by 0.6% in July 2025

• Australia’s national dwelling values rose by 0.6% in July, with the rate of growth holding firm relative to the prior two months.
• That marks the sixth straight month of gains, with the positive inflection aligning with the first rate cut in February.
• Every capital city recorded a rise in dwelling values through the month.
• The positive trend in housing values is supported by persistently low inventory levels, with national listings tracking -19% below the previous five-year average for this time of the year
• The combined regional markets (1.7%) are no longer outperforming, with the rolling quarterly gain once again favouring the combined capitals (1.8%).
• On a seasonally adjusted basis, national rents were up 1.1% over the three months ending July, up from a recent low of 0.5% through the September quarter last year.
• With further rate cuts looking likely, housing values are expected to rise further, but at a modest pace.

Source: Cotality’s August Home Value Index (HVI)