Housing market values in almost half of all Australian suburbs are at all-time highs – and plenty more are expected to join them.
In a sure sign the housing market has recovered, property platform Cotality, formerly known as CoreLogic, released data on Friday showing record values in almost 45 per cent of suburbs.
Queensland’s market is booming with almost four-in-five (78 per cent) suburbs in Brisbane at peak dwelling values and regional markets in the state about the same mark.
Three-quarters of Perth’s suburbs have hit record values, as have 61 per cent of Adelaide’s.
“While national indices provide a macro view, suburb-level data shows how widespread this growth phase really is,” Cotality economist Kaytlin Ezzy said.
“The fact that so many suburbs are either at or just shy of their peak shows not only the diverse recovery in markets like Sydney and Melbourne, but also the continued resilience of recent hotspots including Brisbane, Perth and regional Australia.”
The property data firm has predicted the proportion of suburbs at peak value will rise to 50 per cent in the coming months on the back of national dwelling value growth in June.
In Australia’s most expensive housing market, 37 per cent of Sydney suburbs were at record highs, while just 13 per cent of Melbourne’s reached new highs.
At the other end of the spectrum, only one suburb in Hobart and eight per cent of suburbs in Canberra reached peak prices.
Almost six in 10 regional South Australian suburbs and 54 per cent of regional Western Australian suburbs climbed to all-time dwelling value marks.
Referencing the recent upward trend in Melbourne, Hobart and Canberra, Ms Ezzy noted they were each well below 2022 peaks.
“While this might be received as bad news for homeowners, prospective buyers in these markets are in the position to access housing at prices lower than they were three years ago,” she said.
National housing values jumped 1.4 per cent in the second quarter of 2025 – which featured long-awaited interest rate cuts – compared with 0.9 per cent growth in the first quarter.
Darwin had the largest quarterly growth at 4.9 per cent, followed by Perth at 2.1 per cent.
“Market dynamics across Darwin’s housing market have undergone a remarkable transformation,” Ms Ezzy said
“After years of subdued conditions following the end of the mining infrastructure boom, we’re now seeing demand and supply rebalancing in a way that supports further value growth.”
Cotality estimated there were about 531,000 dwelling sales in the 2024/25 financial year, up 2.7 per cent from the previous term.
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