National home values increased by 0.6% for a third consecutive month in July
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The news: The value of Australian homes increased in July at the same rate as the two months prior, according to property data and analysis firm Cotality’s latest Home Value Index.
The numbers: National dwelling values rose 0.6% in July and were up 3.7% over the last year. The 1.8% gain in the three months to July 2025 was the biggest increase since the three months ending in June 2024.
Every capital city posted a gain, with Darwin seeing the highest rise in dwelling values by 2.2%. Perth (+0.9%) saw the second highest gain while homes in Hobart (+0.1%), Melbourne (+0.4%) and Canberra (+0.5%) saw the smallest change in value.
The combined regional markets (+1.7%) are no longer seeing a faster rise in house prices compared to combined capitals (+1.8%), on a rolling quarterly gain basis, after nine months of regional gains topping capital cities.
This trend is not consistent across the board however, with regional house dwelling values in Victoria (+1.4%), Queensland (+2.5%) and South Australia (+2%) increasing faster than capital city counterparts in Victoria (+1.2%), Queensland (+2.3%) and South Australia (+1.5%).
The national median dwelling value was $844,197, with Sydney registering the highest at $1,228,435.
The context: Cotality research director Tim Lawless said the growth rate in housing values is not accelerating due to “the opposing influence of low supply, falling interest rates and rising confidence run up against affordability constraints and lingering uncertainty”.
The sources: Cotality Home Value Index report, Cotality media release
