Property Market Heats Up Despite Winter Chill
Property prices are climbing to record highs, interest rates are on hold (for now), and buyer demand remains strong. In June, national home values rose 0.6%, driven by earlier rate cuts and tight housing supply.
Interest Rate Snapshot
The RBA held the cash rate at 3.85% in July, surprising many economists who expected a cut based on softer inflation figures:
The RBA board was split, with 6 voting to hold and 3 for a cut. Governor Bullock said the board is aligned on direction but divided on timing. All Big Four banks expect a cut in August, pending Q2 inflation data.
Home Values Continue to Rise
June marked the fifth straight month of growth in home values. According to Cotality (formally RPData):
Auction Results (week ending 6 July 2025)
| State | Auctions | Clearance Rate | Private Sales | Price Change |
|---|---|---|---|---|
| VIC | 706 | 71% | 1,486 | ▲ 0.5% |
| NSW | 815 | 61% | 1,756 | ▲ 0.6% |
| ACT | 65 | 71% | 108 | ▲ 0.9% |
| QLD | 207 | 56% | 1,048 | ▲ 0.8% |
| WA | 15 | 47% | 609 | ▲ 0.8% |
| NT | 5 | 80% | 22 | ▲ 1.5% |
| TAS | 1 | – | 159 | ▼ 0.2% |
| SA | 103 | 64% | 270 | ▲ 0.5% |
New Financial Year, New Buyer Schemes
Looking to buy? Several government initiatives may assist:
From January 2026, income and property caps will be removed for the First Home Guarantee, making 5% deposit home loans more accessible to all first-home buyers.
Let’s Talk Finance
Whether you’re buying soon or planning for Spring, now’s the time to review your finance options and check eligibility for these schemes.
Ready to take the next step?
Let’s make your property plans a reality, call or email us today.
Additional sources
CoreLogic RP Data Daily Home Value Index: Monthly Values
https://www.cotality.com/au/our-data/indices
https://www.realestate.com.au/auction-results/
