Brett Warren , National Director – Metropole Group
The latest data is bringing welcome news for property buyers and investors.
According to Cotality’s Home Value Index, national housing values rose 0.7% in August – the strongest monthly lift since May last year – and momentum is especially clear in our biggest markets.
Sydney values rose 0.8% in August, taking the city’s median home value to just over $1.22 million.
Melbourne recorded a 0.3% increase, pushing the median to $803,000, while Brisbane led the pack with a solid 1.2% gain, lifting its median value close to $950,000. These results highlight that while affordability challenges remain, demand is outstripping supply in all three capitals.
What’s driving this strength? Buyer confidence is on the rise, supported by lower interest rates, healthier household savings, and solid wage growth.
At the same time, advertised stock levels remain tight, giving sellers the upper hand and creating competitive conditions at auctions.
Brisbane’s results stand out, reflecting strong interstate migration, lifestyle appeal, and relative affordability compared to Sydney and Melbourne.
For homebuyers, the good news is that more properties typically hit the market in spring. This seasonal increase in listings should create more choice, easing some of the competition.
For investors, the combination of capital growth and tightening rental markets means opportunities for both value appreciation and income stability.
While the pace of growth is unlikely to reach the peaks seen during the pandemic, the current environment points to a more sustainable upswing.
These conditions are a chance for buyers and investors to position themselves ahead of what is shaping up to be an active property cycle.
The takeaway for buyers and investors is clear – Sydney, Melbourne, and Brisbane are leading Australia’s housing momentum, and the outlook for the months ahead remains bright.
