Ray White Group Chief Economist, Nerida Conisbee, said the 0.25 per cent rate cut has reinvigorated buyer confidence after a flat July performance, delivering the strongest monthly growth in over a year.<\/p>\n
\u201cNational house prices reached $961,000 in August 2025, whilst unit prices climbed to $710,000, representing robust annual growth rates of 8.0 per cent and 6.3 per cent respectively,\u201d Ms Conisbee said.<\/p>\n
\u201cThe immediate impact of lower borrowing costs was evident across all major markets, with even previously subdued regions showing renewed strength.\u201d<\/p>\n
Ms Conisbee highlighted Perth as the standout performer nationally, with house prices increasing 1.7 per cent monthly to reach $970,000.<\/p>\n
\u201cPerth maintained its position as the nation\u2019s standout performer, with house prices jumping 1.7 per cent monthly to $970,000, delivering extraordinary annual growth of 12.4 per cent,\u201d she said.<\/p>\n
\u201cPerth units were equally impressive, posting 1.7 per cent monthly growth and a remarkable 14.5 per cent annual gain to reach $644,000.\u201d<\/p>\n
Brisbane has emerged as another key growth market according to Ms Conisbee, with house prices surging 1.6 per cent to $1.09 million, marking a significant rebound from July\u2019s tepid performance.<\/p>\n
\u201cThis marked a significant rebound from Brisbane\u2019s tepid 0.2 per cent July performance, highlighting how quickly sentiment can shift when borrowing costs fall,\u201d she said.<\/p>\n
Sydney also showed strong growth, with houses accelerating to 1.5 per cent monthly growth and reaching $1.68 million, while maintaining solid annual growth of 6.3 per cent.<\/p>\n
After prolonged weakness, Melbourne\u2019s property market is showing tentative signs of stabilising, though it remains the laggard among major markets.<\/p>\n
\u201cMelbourne houses posted 1.1 per cent monthly growth to $1.06 million, a notable improvement from July\u2019s 0.1 per cent decline,\u201d Ms Conisbee said.<\/p>\n
\u201cAnnual growth of 4.3 per cent, whilst modest by current national standards, represents the city\u2019s strongest yearly pace in recent months.\u201d<\/p>\n
She said that Melbourne\u2019s protracted weakness reflects several structural challenges including being one of the most heavily taxed states for property and having the highest unemployment rate.<\/p>\n
Ms Conisbee identified the unit market\u2019s resilience as one of the standout stories of 2025, with apartment prices demonstrating consistent growth even during periods of house price volatility.<\/p>\n
\u201cNational unit growth of 1.0 per cent monthly significantly exceeded expectations, driven by chronic undersupply and affordability-driven demand from buyers priced out of the detached housing market,\u201d she said.<\/p>\n
Perth units led with exceptional 1.7 per cent monthly growth, while Brisbane units rebounded strongly with 1.3 per cent monthly growth after July\u2019s modest pace.<\/p>\n
The acceleration in price growth presents both opportunities and challenges for the market heading into the critical spring selling season according to Ms Conisbee.<\/p>\n
\u201cRising prices typically encourage more sellers to enter the market, and early indicators suggest listing volumes are beginning to increase as vendors gain confidence in market conditions,\u201d she said.<\/p>\n
\u201cHowever, the supply response may struggle to keep pace with renewed buyer demand, particularly if the Reserve Bank delivers another cut before year\u2019s end.\u201d<\/p>\n
Ms Conisbee said that the August rate cut has effectively ended the brief pause in Australia\u2019s housing price growth trajectory.<\/p>\n
\u201cWith borrowing costs falling and buyer confidence returning, the combination of lower mortgage rates and pent-up demand from July\u2019s hiatus appears poised to drive continued price growth through the remainder of 2025,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"Ray White Group Chief Economist, Nerida Conisbee, said the 0.25 per cent rate cut has reinvigorated buyer confidence…\n","protected":false},"author":2,"featured_media":112540,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":["post-112539","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-au","tag-australia","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/112539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=112539"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/112539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/112540"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=112539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=112539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=112539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}