2025 in review: Capital city markets surge, with 2026 set to deliver again
From Perth’s breakout surge to Melbourne’s sluggish year, Australia’s capital city property markets diverged sharply in 2025, setting the stage for a more selective and opportunity-driven 2026.
The combined capital and regional markets quarterly growth trends are once again neck and neck, with both markets up 3.1 per cent over the three months to end of November. (Image source: Alena Levykin/Shutterstock.com)
Australia’s residential property market closed out 2025 on a broadly positive footing, with most major capital cities recording solid price growth after several years of uneven performance.
Falling interest rates, persistently tight housing supply and renewed buyer confidence combined to drive values higher, though the gains were far from uniform across the country.
According to PropTrack’s Home Price Index, national dwelling values rose
7.5 pe…
