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1h ago

Australian Home Prices Hit Record as September Gain Accelerates to 0.8%

A 5%‑deposit guarantee launches into a tight market, with the RBA warning supply relief is years away.

Residential properties are seen near the Sydney Harbour Bridge in Sydney, Australia, March 12, 2025. REUTERS/Hollie Adams
An aerial photo of a new housing estate with empty blocks and several new houses being built.

Overview

  • Cotality reports national values rose 0.8% in September to a record A$857,280, the strongest monthly gain in a year.
  • Borrowing capacity has improved after three RBA rate cuts in 2025, with the cash rate held at 3.60% this week.
  • The expanded Home Guarantee Scheme takes effect, allowing 5% deposits, removing income and place limits, and lifting price caps, which analysts say will add demand and debt.
  • RBA governor Michele Bullock describes a structural supply deficit and says she is not confident supply measures will show any impact within two years.
  • Tight advertised stock and record‑low rental vacancies are reinforcing price pressures, with rents up 0.5% in September and Cotality flagging a strong spring selling season.