{"id":177083,"date":"2025-07-01T19:30:47","date_gmt":"2025-07-01T09:30:47","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=177083"},"modified":"2025-07-06T12:05:53","modified_gmt":"2025-07-06T02:05:53","slug":"latest-proptrack-home-price-index","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/latest-proptrack-home-price-index\/","title":{"rendered":"National home prices hit new peak in June as all markets record a rise | Latest Proptrack Report"},"content":{"rendered":"

National home prices rose 0.4% in June, pushing values to a record high,<\/strong>\u00a0according to<\/span>\u00a0the latest PropTrack Home Price Index.<\/a><\/p>\n

As interest rates have fallen, price momentum has strengthened and extended across the country, with all markets recording gains in June.<\/p>\n

Ms Eleanor Creagh<\/a>, Senior Economist at PropTrack commented:<\/p>\n

\"Capital city markets are leading the upturn, with price growth in all cities in June, following\u00a0outperformance by Adelaide, Brisbane and Perth in 2024.<\/p>\n

Market momentum is building amid renewed buyer confidence and improved sentiment, buoyed\u00a0by falling interest rates and expectations of another rate cut in July.<\/p>\n

However, the upturn remains\u00a0measured as affordability constraints keep the pace of growth in check.\"<\/p><\/blockquote>\n

\"Home<\/p>\n

Source: PropTrack Home Price Index.<\/a> 1 July 2025<\/em><\/p>\n

Ms Eleanor Creagh<\/a>, further explained:<\/p>\n

\"Further interest rate cuts expected later this year will ease borrowing costs, adding to the momentum in housing demand and reinforcing recent price growth.<\/p>\n

In addition, population growth and limited new\u00a0supply are also placing upward pressure on prices, especially at the more affordable end of the market.<\/p>\n

With interest rates moving lower, these factors are\u00a0likely to sustain price growth over the second half of 2025.<\/p>\n

Despite these tailwinds, the upturn remains\u00a0gradual and stretched affordability will see a more measured upswing than in previous easing cycles.\"<\/p><\/blockquote>\n

\"Annual<\/p>\n

House and unit prices lift in June<\/span><\/h2>\n

Nationally, house and unit prices lifted 0.4% in June , according to PropTrack.<\/p>\n

Ms Creagh said:<\/p>\n

\n

\u00a0\"National house prices have lifted 4.6% over the past year, a rise equating to almost $50,000.<\/p>\n

Growth in unit values (4.4%) has been comparable through the same period, with annual growth of $30,400.\"<\/p>\n<\/blockquote>\n

Outlook<\/span><\/h2>\n

Ms Creagh explains that further interest rate cuts expected later this year will continue to ease borrowing costs, adding to the momentum in housing demand and reinforcing recent price growth.<\/p>\n

She further said:<\/p>\n

\n

\"Despite these tailwinds, the upturn remains gradual and stretched affordability continues to limit the depth of the upswing.<\/p>\n

Population growth, limited new supply, and expectations of further rate relief are keeping upward pressure on prices, especially at the more affordable end of the market.<\/p>\n

With interest rates moving lower, these factors are likely to sustain continued price growth over the second half of 2025.<\/p>\n

However, activity is likely to remain skewed toward markets and segments where buyers can still find value.<\/p>\n

Despite these tailwinds, the upturn remains gradual and stretched affordability will see a more measured upswing than in previous easing cycles.\"<\/p>\n<\/blockquote>\n