Perth, Adelaide, and Brisbane lead the way in home value growth.
PropTrack home price index shows national home prices have experienced 20 consecutive months of growth. Home prices have risen by 6.16% compared to a year ago, the winter months are usually quiet, but this year, demand has been unexpectedly high, resulting in more sales than last year. The capital cities have seen a significant increase in property values, with a year-on-year growth of 6.49%, an all-time high. Property prices in regional areas combined rose by 5.32% compared to August 2023, mainly due to strong growth in regional Western Australia and Queensland. Regional Western Australia and Queensland saw significant year-on-year growth, increasing by 14.9% and 11.3%, respectively. Values in regional South Australia grew 9.3% year-on-year, and there was a 3.9% rise in prices in regional New South Wales.
