Where Australia’s Property Markets Are Heating Up and Cooling Down – June 2025 Update

Published: June 5, 2025

As interest rates ease and buyer sentiment strengthens, new data from realestate.com.au highlights key shifts across the Australian housing market.

Price growth is accelerating in cities that previously lagged the market, including:

• Darwin (+2.8% quarterly)

• Canberra and Hobart

• Melbourne’s Inner City (+3.5%) and North West (+2.2%)

In Sydney, strong quarterly house price growth was recorded in:

• Parramatta (+2.2%)

• Inner West (+2.7%)

• Sutherland Shire (+2.2%)

Meanwhile, growth is slowing or stalling in markets that had recently boomed, such as Mandurah, Bunbury, and parts of Queensland like Mackay and the Sunshine Coast. Economists say these areas are entering a stabilisation phase after a period of exceptional growth.

The key message?
Markets are cycling — and timely, independent property valuations are essential for making informed decisions in shifting conditions.

Read the full article at realestate.com.au:
Hot or not? Where property markets are heating up and cooling down