{"id":94623,"date":"2025-10-22T16:42:11","date_gmt":"2025-10-22T16:42:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/94623\/"},"modified":"2025-10-22T16:42:11","modified_gmt":"2025-10-22T16:42:11","slug":"wild-2m-forecast-for-nations-priciest-house-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/94623\/","title":{"rendered":"‘Wild’ $2m forecast for nation’s priciest house market"},"content":{"rendered":"

October 23, 2025 03:30 | News<\/a><\/p>\n

House prices are rising at their highest pace in four years with Sydney poised to hit a once-unthinkable median of $2 million by the close of 2026.<\/p>\n

After bumper growth of 3.4 per cent in the September quarter, the median harbour city house value sits at $1,751,728.<\/p>\n

If that growth repeats over the next year, Sydney house prices will sit at $2 million before the end of 2026.<\/p>\n

It was only 12 years ago the city, Australia\u2019s priciest housing market, broke through the million-dollar benchmark, Domain economics chief Nicola Powell said.<\/p>\n

\u201cIt\u2019s wild to think that Sydney\u2019s median house price could breach $2 million,\u201d she told AAP.<\/p>\n

\u201cSydney has always been the most expensive capital city, with high-priced land, high levels of competition.\u201d<\/p>\n

Domain\u2019s latest house price report<\/a>, out Thursday, reveals the average house price grew in every market over the past quarter and year.<\/p>\n

In city markets, house prices grew by 2.9 per cent in the September quarter, with regional growth outpacing the eight capitals at 3.7 per cent.<\/p>\n

Already running at its fastest pace in almost four years, Dr Powell was bullish on even stronger performance to come in the capitals.<\/p>\n

\"Housing\"\/House price growth in the regions has outpaced all eight capital cities in the September quarter. (Aaron Bunch\/AAP PHOTOS)<\/p>\n

\u201cBecause we\u2019ve got momentum building, I think we\u2019re going to see a larger number next quarter,\u201d she said.<\/p>\n

\u201cWhat\u2019s clear this quarter is that we\u2019ve seen the housing market shift into a higher gear.<\/p>\n

\u201cWe\u2019re likely to see momentum still feeding through markets like Sydney, Melbourne, Brisbane and Canberra, because Canberra and Melbourne aren\u2019t even at record highs yet.\u201d<\/p>\n

Underpinning growth are the Reserve Bank\u2019s interest rate cuts in February, May and August, low stock levels and improved confidence.<\/p>\n

\u201cWe\u2019ve seen a rise in real incomes (and) consumer sentiment is higher now than it was 12 months ago, which does tend to play out positively for the housing market,\u201d Dr Powell said.<\/p>\n

\"HouseRate cuts have underpinned price growth while a 5 per cent deposit scheme is tipped to spur demand. (Mick Tsikas\/AAP PHOTOS)<\/p>\n

The government\u2019s new five per cent deposit scheme for new homebuyers would also fuel demand for cheaper homes, she added.<\/p>\n

The report showed annual house price growth in capital-city markets was 7.5 per cent over 12 months, while regional prices were up a bumper 11.5 per cent.<\/p>\n

Units prices weren\u2019t far behind, rising at a rate of 5.8 per cent in the year to September in capitals and 10.3 per cent in the regions.<\/p>\n

A surge in Brisbane house prices \u2013 up 3.7 per cent in the quarter and 10 per cent annually \u2013 lifted the Queensland capital\u2019s median above those in Melbourne and Canberra to make it the nation\u2019s second most expensive market.<\/p>\n

With median house prices sitting at $981,259, Perth is poised to be the sixth capital to top the million-dollar mark when the next report is published in January 2026.<\/p>\n

AUSTRALIA\u2019S MEDIAN HOUSE PRICES<\/p>\n

Sydney: $1.752m \u00a0\u2013 up 3.4 per cent in the quarter, 6.3 cent annually<\/p>\n

Brisbane: $1.101m \u2013 up 3.7 quarterly, 10 per cent annually<\/p>\n

Canberra: $1.1m \u2013 up 2.4 per cent quarterly, 2.7 per cent annually<\/p>\n

Melbourne: $1.083m \u2013 up 2.2 per quarterly, 6.2 per cent annually<\/p>\n

Adelaide: $1.049m \u2013 up 3.3 quarterly, 10.5 per cent annually<\/p>\n

Perth: $981k \u2013 up 1.6 per cent quarterly, 10 per cent annually<\/p>\n

Hobart: $745k \u2013 up 4.7 quarterly, 8 per cent annually<\/p>\n

Darwin: $659k \u2013 up 5.3 quarterly, up 7.3 per cent annually<\/p>\n

Regional: $698k \u2013 up 3.7 per cent quarterly, 11.5 per cent annually<\/p>\n

*Source: Domain\u2019s September quarterly house price report<\/p>\n

\"AAP<\/a><\/p>\n

Australian Associated Press is the beating heart of Australian news. AAP is Australia\u2019s only independent national newswire and has been delivering accurate, reliable and fast news content to the media industry, government and corporate sector for 85 years. We keep Australia informed.<\/p>\n","protected":false},"excerpt":{"rendered":"October 23, 2025 03:30 | News House prices are rising at their highest pace in four years with…\n","protected":false},"author":2,"featured_media":94624,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[138,220,111,139,69],"class_list":["post-94623","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/94623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=94623"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/94623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/94624"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=94623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=94623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=94623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}