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 August 2025?
As of 31 July 2025, the median house price in Australia stands at $912,563, 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 $1,044,867, 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 $703,894, reflecting more affordable options outside of major metropolitan hubs.
What's Australia's median unit price in August 2025?
As of 31 July 2025, the median price of a unit, apartment, or townhouse across Australia stood at $690,011, 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 $705,901, while in regional areas, it sits at $608,207.
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 | ||||||||||
5.24% p.a. | 5.15% p.a. | $2,758 | 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 $1,525,956 and a median unit price of $868,341. Combined, the city's median dwelling price sits at $1,228,435.
While this reflects a 0.6% increase compared to July 2025, Sydney property values have seen a 55.2% increase over the past decade.
Among the suburbs experiencing the fastest price growth in the past 12 months are St Marys (+7.4%), Fairfield (+7.0%), and Liverpool (+6.8%).
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 $952,399 and a median unit price of $621,281. Combined, the city's median dwelling price sits at $803,424.
While this reflects a 0.4% increase compared to July 2025, Melbourne property values have increased by 39.8% over the past decade, considerably less than other capital cities.
Among the suburbs experiencing the fastest price growth in the past 12 months are Frankston (+6.0%), Tullamarine-Broadmeadows (+5.0%), and Knox (+4.5%).
Median house prices in Brisbane
Greater Brisbane's property market continues to grow steadily, with a median house price of $1,019,865 and a median unit price of $727,110. Combined, the city's median dwelling price sits at $934,623.
This represents a 0.7% increase compared to July 2025, with Brisbane property values rising by 93.8% over the past decade.
Among the suburbs experiencing the fastest price growth in the past 12 months are Nundah (+11.8%), Ipswich Hinterland (+10.7%), and Redcliffe (+10.0%).
Median house prices in Adelaide
Greater Adelaide's property market remains strong, with a median house price of $895,726 and a median unit price of $611,471. Combined, the city's median dwelling price sits at $843,339.
This reflects a 0.7% increase compared to July 2025, with Adelaide property values surging by 95.1% over the past decade.
Among the suburbs experiencing the fastest price growth in the past 12 months are Gawler - Two Wells (+9.8%), Playford (+9.7%), and Adelaide Hills (+9.7%).
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 $869,689 and a median unit price of $615,528. Combined, the city's median dwelling price sits at $831,921.
This represents a 0.9% increase compared to July 2025, with Perth property values rising by 63.5% over the past decade.
Among the suburbs experiencing the fastest price growth in the past 12 months are Mundaring (+10.4%), Swan (+10.0%), and Belmont-Victoria Park (+9.2%).
Median house prices in Hobart
Hobart's property market has softened, with a median house price of $714,691 and a median unit price of $552,352. Combined, the city's median dwelling price sits at $673,393.
This reflects a 0.1% rise compared to July 2025, with Hobart property values rising by 85.9% over the past decade.
Among the suburbs experiencing the fastest price growth in the past 12 months are Hobart - North East (+5.8%), Hobart - North West (+4.3%), and Hobart - South & West (+4.2%).
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 $984,723 and a median unit price of $591,570. Combined, its median dwelling price sits at $861,281.
This reflects a 0.5% increase compared to July 2025, with Canberra property values rising by 63.1% over the past decade.
Among the ACT suburbs experiencing the fastest price growth in the past 12 months are Molonglo (+5.5%), Tuggeranong (+2.6%), and South Canberra (+1.8%).
Median house prices in Darwin
Greater Darwin's property market remains relatively affordable, with a median house price of $641,997 and a median unit price of $390,863. Combined, the city's median dwelling price sits at $549,371.
This reflects a 2.2% increase compared to July 2025, with Darwin property values rising 6.5% over the past decade.
Among the areas experiencing the fastest price growth in the past 12 months are Palmerston (+13.5%), Darwin Suburbs (+11.0%), and Darwin City (+2.6%).
Image by Martin David on Unsplash
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