Property is one of Australia's favourite investment vehicles, and no wonder. Previous Your Mortgage analysis found house prices rose by more than 1,400% over the 44 years to October 2024.
Property values have been influenced by a variety of factors in recent times, including rising and falling interest rates, supply shortages, and shifting buyer demand. Experts suggest price growth may have peaked, with expectations of a more gradual increase moving forward.
So, where does that leave house prices across Australia right now? Keep scrolling as we dive into the latest dwelling value data, courtesy of Cotality (formerly CoreLogic).
What's Australia's median house price in December 2025?
As of the end of November 2025, the median house price in Australia stands at $966,313, according to Cotality data.
However, house prices can vary significantly depending on location, particularly between major cities and regional areas. Across the eight state and territory capital cities, the median house price currently sits at $1,111,588, with Sydney leading the market and Darwin having the most affordable prices among the capitals.
In contrast, the combined median house price for regional areas across the country is $738,230, reflecting more affordable options outside of major metropolitan hubs.
What's Australia's median unit price in December 2025?
As the end of November 2025, the median price of a unit, apartment, or townhouse across Australia stood at $722,399, according to Cotality data.
The composition of unit markets varies across the country, with higher concentrations typically found in major cities where population density is greater. Consequently, unit prices tend to be higher in urban areas compared to regional locations.
Currently, the median unit price in capital cities is $738,615 while in regional areas, it sits at $639,543.
Units remain an attractive option for both investors and first home buyers due to their relative affordability compared to houses, with demand particularly strong in metropolitan markets.
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| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Extra Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.29% p.a. | 5.33% p.a. | $2,773 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure | ||||||||||
5.19% p.a. | 5.10% p.a. | $2,742 | Principal & Interest | Variable | $0 | $0 | 80% |
| Disclosure | |||||||||||
5.39% p.a. | 5.43% p.a. | $2,805 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure |
Median house prices in Sydney
Greater Sydney's property market remains one of the most expensive in Australia, with a median house price of $1,584,125 and a median unit price of $896,743. Combined, the city's median dwelling price sits at $1,269,659.
While this reflects a 0.5% increase compared to November 2025, Sydney property values have seen a 37.4% increase over the past five years.
Among the suburbs experiencing the fastest price growth in the past 12 months are St Marys (+11%), Mount Druitt (+10.6%), and Campbelltown (+9.9%).
Median house prices in Melbourne
In recent times, Greater Melbourne's property market has underperformed those of many other Australian capital cities, ending July with a median house price of $978,392 and a median unit price of $637,830. Combined, the city's median dwelling price sits at $823,495.
While this reflects a 0.3% increase compared to November 2025, Melbourne property values have increased by 16.6% over the past five years, considerably less than other capital cities.
Among the suburbs experiencing the fastest price growth in the past 12 months are Frankston (+13.3%), Brimbank (+9.8%), and Tullamarine-Broadmeadows (+8%).
Median house prices in Brisbane
Greater Brisbane's property market continues to grow steadily, with a median house price of $1,111,431 and a median unit price of $792,896. Combined, the city's median dwelling price sits at $1,015,767.
This represents a 1.9% increase compared to November 2025, with Brisbane property values rising by 85.4% over the past five years.
Among the suburbs experiencing the fastest price growth in the past 12 months are Sunnybank (+17.2%), Nathan (+16.5%), and Chermside (+16%).
Median house prices in Adelaide
Greater Adelaide's property market remains strong, with a median house price of $948,328 and a median unit price of $651,039. Combined, the city's median dwelling price sits at $891,004.
This reflects a 1.9% increase compared to November 2025, with Adelaide property values surging by 79.1% over the past five years.
Among the suburbs experiencing the fastest price growth in the past 12 months are Adelaide Hills (+10.7%), Gawler - Two Wells (+10.1%), and Norwood - Payneham - St Peters (+9.9%).
Median house prices in Perth
Greater Perth's property market continues to grow, albeit a little slower than it was previously, with a median house price of $955,832 and a median unit price of $657,944. Combined, the city's median dwelling price sits at $914,229.
This represents a 2.4% increase compared to November 2025, with Perth property values rising by 87.2% over the past five years.
Among the suburbs experiencing the fastest price growth in the past 12 months are Belmont - Victoria Park (+17.2%), Armadale (+16.6%), and Serpentine - Jarrahdale (+15.9%).
Median house prices in Hobart
Hobart's property market has softened, with a median house price of $749,079 and a median unit price of $567,828. Combined, the city's median dwelling price sits at $703,340.
This reflects a 1.2% increase compared to November 2025, with Hobart property values rising by 29.9% over the past five years.
Among the suburbs experiencing the fastest price growth in the past 12 months are Hobart - North East (+7%), Hobart - North West(+6.6%), and Hobart - South and West (+4.8%).
Median house prices in Canberra
The ACT capital's property market has remained relatively stable of late, with the territory commanding a median house price of $1,035,338 and a median unit price of $598,784. Combined, its median dwelling price sits at $891,626.
This reflects a 1.0% increase compared to November 2025, with Canberra property values rising by 28.7% over the past five years.
Among the ACT suburbs experiencing the fastest price growth in the past 12 months are Tuggeranong (+5.8%), Molonglo (+5.7%), and Belconnen (+5.2%).
Median house prices in Darwin
Greater Darwin's property market remains relatively affordable, with a median house price of $683,201 and a median unit price of $424,417. Combined, the city's median dwelling price sits at $578,871.
This reflects a 1.9% increase compared to November 2025, with Darwin property values rising 38.7% over the past five years.
Among the areas experiencing the fastest price growth in the past 12 months are Palmerston (+24.2%), Darwin Suburbs (+16.1%), and Darwin City (+12.9%).
Image by Martin David on Unsplash
First published in November 2025
Collections: Buying a home Property News Property Investment First Home Buyer
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