Australia’s housing markets just keep marching forward – and the latest numbers are in!
Today I’m joined by Dr. Andrew Wilson, Chief Economist of My Housing Market, to break down July’s House Price Report – and it’s full of good news for homeowners and property investors alike.
House prices rose in every single capital city over the month – that’s now five months in a row of rising prices nationally, with the median capital city house price sitting at over $1.2 million and annual growth climbing to 5.9%.
We’ll discuss:
· Why Perth and Brisbane continue to lead the charge with double-digit annual growth
· How Melbourne and Sydney are quietly bouncing back
· The surprise standout performances from Canberra and Darwin
· And why 2025 is shaping up to be another strong year for property markets
Plus, unit prices are also on the rise, and confidence is building as interest rate cuts and low unemployment levels continue to support our economy.